Arthur Hayes predicts that Bitcoin will reach $250,000 by the end of the year, bearish on the performance of most alts.

Gate News bot message, in the latest podcast episode, well-known figure in the crypto market Arthur Hayes elaborated on his views regarding the crypto market. He pointed out that Bitcoin will reach a price level of $250,000 by the end of the year, attributing this to its fixed supply characteristics and factors such as capital inflows, making it an anti-inflation asset.

Hayes stated that most altcoins struggle to rise due to a lack of product-market fit and cash flow, among other practical values. He also analyzed that the core competition of trading platforms lies in marketing rather than innovation, and discussed the possibility of the US government responding to the economic crisis through money printing.

In addition, Hayes also shared the original intention behind designing perpetual contracts and his observations on the investment culture in Asia.