BitMEX co-founder Arthur Hayes has described the Federal Reserve’s Reserve Management Purchases (RMP) program as “quantitative easing in disguise,” arguing it will inject fresh liquidity into financial markets. In a December 19 essay titled Love Language, Hayes said the program functions similarly to QE through indirect channels, ultimately benefiting risk assets like Bitcoin.
He expects BTC to trade between $80,000 and $100,000 in the near term before reclaiming $124,000, with a longer-term target of $200,000. Hayes also revealed a strategic shift in his portfolio, reducing Ethereum exposure while reallocating capital to high-quality DeFi assets poised to outperform in a liquidity-driven environment.
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