PANews reported on December 20th that BitMEX co-founder Arthur Hayes stated that the Federal Reserve's new Reserve Management Purchase Program (RMP) is merely a new way to mask its money-printing activities. Once the market realizes that the Fed's RMP is actually a form of quantitative easing, Bitcoin will quickly return to $124,000 and rapidly move towards $200,000. The peak of expectations for RMP-driven asset price increases will be reached in March next year, after which Bitcoin will fall and form a local bottom well above $124,000. Arthur Hayes also stated that he is most bullish on the altcoin Ethena (ENA).