Arthur Hayes: Fed Launches New Round of Quantitative Easing, Bitcoin Could Surge to $124,000

On December 20th, Arthur Hayes—author of today’s latest article *Love Language*—stated that the Federal Reserve’s launch of the Reserve Management Purchase (RMP) is effectively a new form of quantitative easing (QE). This means liquidity will be reintroduced, raising the long-term risk of fiat currency depreciation, and the crypto market, particularly Bitcoin (BTC), is poised to benefit significantly. He expects BTC could trade in the $80,000–$100,000 range in the short term. Once the market recognizes “RMP = QE,” BTC may rebound to $124,000 and quickly surge to $200,000. Hayes predicts a temporary sentiment peak around March next year, followed by a pullback—but the overall floor will likely remain above $124,000. Notably, while Hayes has consistently been bullish on crypto, he transferred 508.647 ETH (valued at $1.5 million) to Galaxy Digital during yesterday’s rebound, potentially signaling a sale.