Arthur Hayes Says Crypto Bull Market Primed To Continue, Outlines Bitcoin Path to Seven-Figure Price
BitMEX co-founder Arthur Hayes is leaning bullish on Bitcoin (BTC) as surging liquidity circumstances increase the worth of the flagship crypto asset.
In a brand new interview on the White Crypto YouTube channel, Hayes says a rise within the international cash provide will act as a bullish catalyst for BTC and crypto.
“I believe it’s a good time to be within the crypto ecosystem as a result of we’ve got form of this reflation occurring the world over. Extra fiat cash chasing a scarce asset and the bull market’s going to proceed. And I believe it’s going to be a enjoyable occasion.”
In line with Hayes, Bitcoin may go up by about 10x from the present stage by January of 2029.
“I believe by the tip of Trump’s presidency, so finish of 2028, Bitcoin can be round $1 million. Or we’ll have crossed $1 million. It could be decrease than that at that time however I believe we’ll get to that nominal determine inside the subsequent three to 4 years.”
Bitcoin is buying and selling at $103,045 at time of writing.
On the US greenback’s prospects within the face of accelerating cash provide, the Maelstrom Fund CIO says,
“I believe the greenback depreciates towards gold, the greenback depreciates towards Bitcoin. US Treasuries are most likely the worst factor to personal versus some other form of monetary asset on the market, as they should devalue as a result of there’s an excessive amount of on the market.”
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