PiCK
Arthur Hayes: "Bitcoin Could Reach $1 Million Within a Year Due to Easing Policies"
Summary
- Arthur Hayes stated that Bitcoin could reach $1 million within a year due to easing policies resulting from the slowdown in global economic growth.
- He mentioned that the increase in money supply due to easing policies in various countries will boost Bitcoin's price.
- Hayes expects the virtual asset bull market to continue until 2026 or 2027, but added that the exact timing is unpredictable.
There is a claim that Bitcoin (BTC) could reach $1 million within a year.
On the 27th (local time), Arthur Hayes, co-founder of BitMEX, stated in an interview with Anna Tutova, CEO of Coinstelegram, that "as global economic growth slows and governments expand their money supply," Bitcoin could reach $1 million within a year. He further explained, "The amount of money printed as governments implement easing policies will be enormous," and reiterated that "Bitcoin could reach a seven-figure number at the peak of this cycle."
He added, "The bull market for virtual assets could continue until 2026 or 2027," but noted that "no one can predict the exact timing." He continued, "Although some virtual assets have plummeted, the overall market capitalization is on an upward trend compared to a year ago," and added, "I still think the bull market is ongoing."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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