21.04.2025 18:03
U.S. Treasury buybacks and a weakening dollar index are paving the way for Bitcoin to surpass the $100,000 level. BitMEX co-founder Arthur Hayes warned investors that this is the "last chance" to buy Bitcoin below six figures. The appeal of Bitcoin as a safe-haven asset is strengthening as global economic uncertainties increase.
Bitcoin has briefly surpassed the $87,700 level for the first time in nearly three weeks. This development coincided with the U.S. dollar falling to its lowest levels since 2022. Analysts predict that the increasing money supply could push the price of Bitcoin above $132,000 before the end of the year, while evaluating the potential impact of U.S. Treasury buybacks on Bitcoin.
Hayes: It May Be the Last Chance for Bitcoin Prices Below $100,000
We are at a significant turning point for Bitcoin (BTC) investors. Arthur Hayes, co-founder of BitMEX and investment director of Maelstrom, emphasized in a statement on the social media platform X (formerly known as Twitter) that buying Bitcoin below $100,000 could be the "last chance."
Hayes' warning focuses on the upcoming U.S. Treasury buybacks. Treasury buybacks refer to the process by which the U.S. Department of the Treasury repurchases its bonds from the open market to increase liquidity. These operations are expected to inject liquidity into the financial system and benefit risk assets like Bitcoin.
Bitcoin briefly rose above the $87,700 level for the first time in three weeks following U.S. President Donald Trump's announcement of reciprocal import tariffs. André Dragosch, head of European research at Bitwise, attributed this rise to the weakening of the U.S. dollar. The dollar index has fallen to its lowest level since March 2022.
Analyst Ryan Lee noted that the weakening dollar has reinforced Bitcoin's appeal as a safe-haven asset. Lee stated that strong volume and technical indicators suggest the potential for testing the $90,000 resistance.
Jamie Coutts, chief crypto analyst at Real Vision, also predicted that the increasing money supply would be the main trigger for Bitcoin in 2025 and could push its price above $132,000 before the end of the year. However, concerns over the global trade war may limit investor appetite until the U.S. and China reach a trade agreement.
Despite the recent correction, Japanese and UK-based investment firms are pouring hundreds of millions of dollars into Bitcoin. This situation indicates that institutional adoption is ongoing and that Bitcoin's four-year cycle could accelerate.