Arthur Hayes, the BitMEX co-founder, is predicting a major Bitcoin (BTC) price surge. He believes the Federal Reserve’s upcoming injection of cash into the US economy will drive investors towards Bitcoin as a safe haven asset.
The Fed’s Impact on Bitcoin
Hayes, who boasts a large following on X (formerly Twitter), claims that the increased liquidity from the Fed’s actions will propel Bitcoin out of its current correction. He’s confident that Bitcoin’s value will rise significantly, solidifying its position as a safe haven asset. While Bitcoin recently dipped below $100,000, it has since recovered. Hayes sees this dip as temporary.
Beyond the Four-Year Cycle
Hayes dismisses the widely accepted four-year Bitcoin cycle, which is often linked to Bitcoin halvings. He argues that market liquidity, investor expectations, and future interest rates are far more important factors in determining Bitcoin’s price movements. He emphasizes that future bull and bear cycles will depend heavily on how much money the government prints.
Million-Dollar Bitcoin Prediction
Hayes boldly predicts that Bitcoin will reach $1 million by 2028. This prediction, however, is not based on the traditional four-year cycle, but rather on his assessment of future market liquidity and investor sentiment.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always conduct your own research before making any investment decisions.
/p>
