🚀 $BTC for $1 million? Arthur Hayes has once again come in with anything but modest forecasts.
The BitMEX co-founder believes Bitcoin could reach $1 million by 2030. But what’s more interesting is not the number itself, but his argument.
Hayes is betting on liquidity: the U.S. debt burden, problems in financial markets, and a possible yield curve control could, in his scenario, eventually force authorities to massively support the system with money again. And in his view, Bitcoin stands to benefit from that.
He considers $58-60k a possible bottom for the latest correction.
And the paradox: although the talk is about $1 million for BTC, his current favorite is - $ETH , which he sees as having 3-5x potential in a much shorter timeframe.
I’ve already seen enough million-dollar forecasts to know not to buy a calculator along with them. Hayes is offering a scenario, not a guarantee: between “they’ll print money” and “BTC will be worth $1 million” there are several very big steps. If you want to dig into those steps - subscribe to @MoonMan567
The BitMEX co-founder believes Bitcoin could reach $1 million by 2030. But what’s more interesting is not the number itself, but his argument.
Hayes is betting on liquidity: the U.S. debt burden, problems in financial markets, and a possible yield curve control could, in his scenario, eventually force authorities to massively support the system with money again. And in his view, Bitcoin stands to benefit from that.
He considers $58-60k a possible bottom for the latest correction.
And the paradox: although the talk is about $1 million for BTC, his current favorite is - $ETH , which he sees as having 3-5x potential in a much shorter timeframe.
I’ve already seen enough million-dollar forecasts to know not to buy a calculator along with them. Hayes is offering a scenario, not a guarantee: between “they’ll print money” and “BTC will be worth $1 million” there are several very big steps. If you want to dig into those steps - subscribe to @MoonMan567
