Billionaire bets that Bitcoin will reach US$1 million and recommends two other cryptocurrencies

Arthur Hayes, founder and former CEO of BitMex, once again stated that Bitcoin will reach 1 million dollars. His comment comes after the Fed maintained the interest rate between 5.25 and 5.50% this Wednesday (13), but with Wall Street traders betting everything that the cuts will begin in 2024.

Although not mentioned, the market is also awaiting the SEC's decision on spot Bitcoin ETFs in the US, with deadlines for several applications set for January. The halving, which will take place in mid-April, is another event that could boost $BTC.

Even though he is a big fan of #BITCOIN , Hayes also invests in other assets. This week, the billionaire cited two #criptomoedas in which he is positioned.

"At this point, there is no excuse not to be long cryptocurrencies. How many more times will they have to tell you that the money you have in your pocket is a piece of filthy trash. Believe in the Lord and he will set you free. BTC = $1 million."