Arthur Hayes, co-founder of BitMEX, forecasts Bitcoin will hit $110,000 before falling to around $76,500. He attributes this surge to a shift in U.S. Federal Reserve policy from quantitative tightening to easing, boosting liquidity. Currently trading at $84,000, Bitcoin recently dropped 30% from its peak. Betting markets assign a 61% probability of BTC reaching $110K in 2025 but anticipate corrections near $70K or even $64K. Hayes sees the decline as a temporary retracement in an ongoing bull market. Investors should consider volatility and conduct research before making decisions.