Bitcoin’s Bold Adventure: A $110K Quest Unfolds! 🚀💰

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What a jolly time to be dabbling in digital dosh! With the specter of inflation taking a well-deserved holiday and global liquidity swimming like a duck in a pond, Bitcoin is having quite the bash. 🎉

Two Weeks of Jolly Jaunts

For two glorious weeks, Bitcoin has been prancing upwards, its spirits buoyed by a bullish weekly close just a smidgen over $86,000 on March23, as per the wizards at CoinMarketCap. This upward jig has tickled the fancy of analysts who are now donning their rose-tinted spectacles, predicting Bitcoin will make a dash for $110,000 before it thinks about having a little lie-down.

Arthur Hayes, the brains behind BitMEX, is practically skipping with glee. He’s wagered that our beloved Bitcoin will hit $110,000 before it even glances back at $76.5k. According to him, it’s all down to the Federal Reserve’s magical switcheroo from quantitative tightening (QT) to quantitative easing (QE). Hayes is so chuffed, he’s penning essays about it – though he’s kindly provided a TLDR for those of us with TikTok-addled brains. 😅

I bet Bitcoin hits $110k before it retests $76.5k. Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so. I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.

— Arthur Hayes (@CryptoHayes)

Fed’s Fancy Footwork and Bitcoin’s Boisterous Future

Hayes chirped on March24, “The Fed is going from QT to QE for treasuries. And tariffs are as irrelevant as last season’s fashion due to ‘transitory inflation.'” He’s even dreaming of Bitcoin reaching a staggering $250,000, painting quite the rosy picture for the future.

For those not in the know, QT is when the Federal Reserve decides to slim down its balance sheet, akin to a New Year’s resolution, while QE is when it goes on a spending spree, buying bonds and injecting cash into the economy like a benevolent uncle.

Markets Awaiting the Fed’s Next Trick

Though the Fed has slowed its QT stride, it’s yet to fully embrace QE. Some sharp minds, like Benjamin Cowen, note that while QT’s pace has been trimmed from a hefty $60 billion to a more modest $40 billion per month, the Fed is still letting $35 billion in mortgage-backed securities slip through its fingers each month.

But fear not! The market’s denizens are on tenterhooks, eagerly anticipating the Fed’s pivot to QE, which, historically, has given Bitcoin a boost. Remember the QE jamboree of2020? Bitcoin soared from a mere $6,000 to a then-unthinkable $69,000. Analysts are rubbing their hands in glee, whispering of a similar tale unfolding.

Bitcoin’s Next Grand Adventure

As Bitcoin continues its merry dance, the blend of tamed inflation, burgeoning liquidity, and the tantalizing prospect of QE has everyone in high spirits. With Bitcoin already waltzing higher, keen eyes are fixed on the horizon, wondering if it’ll pirouette to $110,000 and perhaps even leap to $250,000. All eyes are on the Fed’s next move, for it holds the keys to Bitcoin’s grand ballroom. đŸŽ©đŸ’ƒ

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2025-03-24 22:23