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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 and Strategy’s Michael Saylor teased an impending Bitcoin purchase.
The crypto market leader’s price rebounded over 3% in the last trading session to rise from a 24-hour low of $84,174.10 to trade at $87,125.46 as of 1:14 a.m. EST.
Arthur Hayes Says Bitcoin Will Hit $110K Before Next Retest
In a March 24 post on social media platform X, Hayes predicted that the largest crypto by market cap will likely hit $110K 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
Hayes says the US Federal Reserve is shifting from quantitative tightening (QT) to quantitative easing (QE) for treasuries.
He added that US President Donald Trump’s trade tariffs don’t matter because any inflation they create will only be transitory.
Metaplanet Buys More BTC, Strategy Likely To Follow Soon
While Hayes predicts a Bitcoin price surge, Metaplanet announced earlier today on X that it has acquired an additional 150 BTC.
This has pushed its Bitcoin holdings to 3,350 coins, according to a company statement.
*Metaplanet Acquires Additional 150 $BTC, Now Holds 3,350 BTC* pic.twitter.com/sakdkwHSQZ
— Metaplanet Inc. (@Metaplanet_JP) March 24, 2025
Data from BitcoinTreasuries.net shows that Metaplanet is currently ranked the 10th largest corporate BTC holder. In the lead is US-based software company Strategy with its holdings of $499,226 Bitcoins.
Strategy executive Saylor has hinted that the company might add to its substantial Bitcoin reserves later today.
In an X post yesterday, Saylor once again shared a screenshot of the SaylorTracker chart. Posts that include the chart frequently are 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.
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