BitMEX founder Arthur Hayes recently gave an interview with Impact Theory and spent nearly three hours talking about "a Great Depression worse than 2008." In addition to reiterating his concerns about the current economic prospects, he also once again called out the future of Bitcoin in 2026. Prices range from $750,000 to $1 million per year!

Arthur Hayes has repeatedly warned that the U.S. Federal Reserve will restart money printing and that the United States will face hyperinflation. He is also bearish on bank stocks and believes that the economic growth driven by the expansion of the U.S. fiscal deficit will only benefit AI technology stocks and cryptocurrency. .

Review Arthur Hayes' theories:

(Stock Godfather: Fiscal deficit drives economic growth, Arthur Hayes believes it is limited to AI technology stocks and cryptocurrency)

(Whether the Fed raises or lowers interest rates, Bitcoin will rise)

(Arthur Hayes talks about the current situation of US banks: How to avoid the denominator of the depreciation of the US dollar? Just buy Bitcoin!)

(Patience is a virtue, Arthur Hayes predicted that the Bitcoin market will start in the fall, and there is a chance to reach $70,000 next year)

ETFs are also a simple choice for general investors

Although Hayes still insists on owning the private key and owning Bitcoin directly, he also mentioned the related ETFs recently launched by traditional financial players this time, which is a way for ordinary people to easily own Bitcoin returns. Hayes expects some ETFs to be launched by large asset managers in the United States, Europe and China (perhaps Hong Kong, specifically).

While continuing to be optimistic about the economic outlook, he also once again called out that the price of Bitcoin will be between 750,000 and 1 million US dollars in 2026!

Will there be a big market in October? Bank stocks fall, Bitcoin soars

Arthur Hayes also tweeted that although everyone said that the banking crisis is under control, according to the indicators he observed - the KBW Bank Index and the spread of U.S. 2-year and 30-year Treasury bonds, bank stocks will usher in another wave of decline. Because the last time this happened was when the Silicon Valley Bank collapsed in March!

Hayes used the Internet term REKT + October =REKTober in the article to indicate the decline in bank stocks that will usher in October. The netizen below also responded to him humorously with UPtober for BTC!

Note: rekt is pronounced the same as wrecked, which means screwed up!

They say "the banking crisis is contained."

Nah bitches, it's 'bout to be REKTober. Thx JAYPOW and Grandma Yellen for the bear steepener that will bankrupt the banks.

Look at how 2s30s rising = falling bank stocks!

Small Bank Index only 8% higher than April lows. Yachtzee! pic.twitter.com/rebj3oqf38

— Arthur Hayes (@CryptoHayes) October 5, 2023

This article Arthur Hayes: Big news coming in October? Bank stocks fall, Bitcoin sees $750,000 to $1 million appeared first on Chain News ABMedia.