Bitcoin to Hit $1 Million? Arthur Hayes Predicts Unprecedented Surge
Arthur Hayes, co-founder of Bitmex, forecasts that bitcoin could reach $1 million, fueled by inflationary effects of interventionist policies under President Trump.
In a recent blog post, Hayes argued that massive credit injections to boost U.S. industry would likely weaken the dollar, prompting investors to turn to assets like bitcoin as an inflation hedge. He envisions bitcoin’s limited supply driving its value upward as global investors seek alternatives to fiat.
Hayes holds a portfolio prioritizing bitcoin and crypto-related assets, anticipating conditions similar to the pandemic-era boom that could elevate BTC and crypto to unprecedented levels.
Clever Robot News Desk 14th November 2024
