$1,000,000 Bitcoin Incoming by the End of the Current Cycle, Predicts BitMEX Founder Arthur Hayes – Here’s Why

BitMEX co-founder Arthur Hayes predicts that Bitcoin (BTC) will attain an astronomical peak this market cycle.

In a brand new interview with Coinstelegram CEO Anna Tutova, Hayes say Bitcoin might attain seven figures in a few yr due to an enormous growth of governments’ financial provide.

“I consider we will attain $1 million – $1 million on the finish of the cycle… bas a result of the amount of cash that can be printed can be completely insane, as each authorities all over the world is doing the identical factor, which is printing cash to make my individuals really feel completely happy, as a result of international development is slowing down…

I believe we’re in a transition interval of a worldwide monetary system. We’ll change it. The elites will resist the change, which implies they may print some huge cash, and much more cash that has ever been printed, as a result of they do not need the post-World Warfare II American hegemony to alter.”

Bitcoin is buying and selling at $94,244 on the time of writing, down 1.8% prior to now 24 hours.

When requested how lengthy the present bull market can final, Hayes says:

“Possibly 2026, 2027 is my guess, however who is aware of.”

He additionally says that whereas some altcoins have plummeted, the general crypto market cap has risen in comparison with greater than a yr in the past, indicating that the uptrend stays intact.

“The overall worth of all cryptocurrencies continues to be rising over the past 12 to 18 months, so I believe we’re nonetheless in a bull market.”

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