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Arthur Hayes says bitcoin could reach $125,000 by year-end, cites U.S. liquidity expansion

BitMEX co-founder Arthur Hayes forecast bitcoin could reach $125,000 by the end of the year, citing expanding U.S. credit, higher defence spending and policy structures supporting the Treasury market. Hayes said changes to the enhanced supplementary leverage ratio reduced reserve burdens for major banks, with S&P Global estimating the adjustment could enable about $1.3 trillion in new lending. He also cited shifting market focus and expectations for continued liquidity.