BitMEX co-founder Arthur Hayes predicts that Bitcoin (BTC) will reach an astronomical peak this market cycle.
In a new interview with Coinstelegram CEO Anna Tutova, Hayes says Bitcoin could reach seven figures in about a year due to a massive expansion of the money supply by governments.
“I believe we can get to $1 million at the end of the cycle – $1 million… bBecause the amount of money that will be printed will be absolutely insane as every government around the world is doing the same thing, which is printing money to keep my people happy because global growth is slowing…
I think we are in a transition phase of a global financial system. We will change it. The elites will resist change, which means they will print a lot of money and more money than has ever been printed before because they do not want to see U.S. hegemony change after World War II.”
Bitcoin is trading at $94,244 at the time of writing, down 1.8% in the last 24 hours.
When asked how long the current bull market could last, Hayes responds:
“Maybe my guess is 2026, 2027, but who knows.”
He also says that while some altcoins have collapsed, the…
