BitMEX co-founder Arthur Hayes says Bitcoin will hit $110K before its next major correction

BitMEX co-founder Arthur Hayes says Bitcoin will hit $110K before its next major correction as Japan-based investment firm Metaplanet announces it bought another 150 BTC

Arthur Hayes, co-founder of cryptocurrency derivatives exchange BitMEX, predicts that Bitcoin (BTC) will rise to hit $110K before its next major correction.

According to the former BitMEX CEO, the crypto market leader will likely hit $100K before the next retest of support, which he says is around $76.5K.

I bet $BTC 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) March 24, 2025

According to Hayes, the US Federal Reserve is shifting from quantitative tightening (QT) to quantitative easing (QE) for treasuries.

He also noted that US President Donald Trump’s trade tariffs don’t matter because any inflation they create will only be transitory.

According to a statement by Japan-based investment firm Metaplanet, it has acquired an additional 150 BTC, pushing its Bitcoin holdings to 3,350 coins.

The firm, which is publicly listed on the Tokyo Stock Exchange, announced on Sunday that it has made the latest purchase from crypto exchange BitFlyer.

Metaplanet Adds 150 BTC To Its Holdings As Strategy Set For More Buys

Last year, Metaplanet sold off a portion of its crypto holdings due to a downturn in the market. However, despite the market downturn, the firm managed to increase its crypto holdings by 1,000 BTC during the year.

Earlier this month, Metaplanet announced plans to invest in promising blockchain startups through a new fund.

Meanwhile, multinational software company Strategy (NASDAQ:) might be adding to its substantial Bitcoin reserves later today.

Strategy executive Michael Saylor hinted at another crypto purchase in a post on X yesterday. In the post, Saylor shared a screenshot of the SaylorTracker chart. Posts that include the chart are frequently followed by announcements that the firm has purchased more Bitcoin.

Saylor’s post comes the same week that Strategy raised additional capital through its latest preferred stock offering. According to a company filing with the US Securities and Exchange Commission, the company sold 100,000 shares of Series A preferred stock at $250 per share.