A new post came from BitMEX co-founder Arthur Hayes, who insists on his $250,000 target for the end of 2025 despite the declines in Bitcoin.
Bitcoin Hayes, who stated that BTC does not like “US Liberation Day” after US President Donald Trump announced the mutual tariffs yesterday, said that the most important day for BTC is April 15.
According to Hayes, if Bitcoin manages to stay above $76,500 by the US tax day on April 15, BTC and the market could survive the current uncertainty and volatility.
https://twitter.com/CryptoHayes/status/1907547718681244009
The most important aspect of the deadline for US tax filing and payments, which is April 15, regarding cryptocurrencies is its possible impact on prices.
Many analysts, like Hayes, also say that BTC and cryptocurrency prices could be suppressed ahead of tax season. This means that cryptocurrency investors will pay taxes on their gains from the previous year, and that they will be able to meet the cash they will need to pay taxes by selling.
Therefore, analysts warn that there may be short-term selling pressure on cryptocurrency prices as the April 15 tax date approaches.
Arthur Hayes also thinks that the FED will start printing money and with the contribution of increasing fiat liquidity, Bitcoin will reach $250,000 by the end of 2025.
*This is not investment advice.
