Summary
- Arthur Hayes emphasized buying Bitcoin (BTC) rather than US bonds.
- Hayes forecasted that Bitcoin could increase tenfold and reach $1 million by 2028.
- Hayes pointed out that while investors are waiting for Chairman Jerome Powell to announce a rate cut and unlimited quantitative easing (QE), a recession alone will not trigger unlimited QE.
Arthur Hayes, co-founder of BitMEX, stressed that one should buy Bitcoin (BTC) instead of US bonds.
On the 3rd (local time), Hayes wrote on his blog, “Buying Bitcoin instead of US bonds is the smart choice. While the US bond yield is only 5~10%, Bitcoin is expected to rise 10-fold and reach $1 million by 2028.”
Hayes also pointed out, “Investors are just watching bonds, waiting for Chairman Jerome Powell to announce a rate cut and unlimited quantitative easing (QE),” adding, “A recession alone will not trigger unlimited QE.”
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
