According to @CoinMarketCap, Arthur Hayes forecasts Bitcoin (BTC) will rally in Q1 2026 as the Federal Reserve increases liquidity, targeting around $200,000 by March 2026, source: @CoinMarketCap on X, Dec 20, 2025. For traders, the actionable cues are the Q1 2026 window, an approximate $200,000 upside target, and monitoring Fed liquidity signals that underpin Hayes’s thesis, source: @CoinMarketCap on X, Dec 20, 2025.