[Arthur Hayes: Bitcoin Has Bottomed Out, Maintains Prediction of $250,000 by Year-End] Foresight News reports that BitMEX co-founder Arthur Hayes recently stated on a program that despite there being only about 30 days left until the end of the year, he still maintains his prediction that Bitcoin will rise to $250,000. Following the leverage clearance in October and the conclusion of institutional 'basis trading' strategies via ETFs, the market has undergone a reset. Coupled with macro expectations that the Federal Reserve may end quantitative tightening (QT) and further cut interest rates, these catalysts are expected to drive Bitcoin past its current all-time high of $126,220 and reach the $250,000 target by year-end.