Former BitMEX CEO Arthur Hayes, known for his bold statements and predictions about Bitcoin and the cryptocurrency market, announced his new BTC prediction.
Interviewing Tom Bilyeu, the founder of the Youtube channel Impact Theory, Arthur Hayes claimed that Bitcoin could reach between $750,000 and $1 million by 2026.
The famous name, who predicted a tremendous increase in Bitcoin in the next two years, said that this increase could potentially carry BTC between $ 750 thousand and $ 1 million.
Stating that this rise will occur as a result of several scenarios, Hayes said that these include an economic crisis scenario that could reduce interest rates to zero, or a scenario in which government spending does not increase faster than interest rates.
Apart from this prediction, Hayes reiterated his view that the Bitcoin halving and the approval of spot ETFs will take BTC to $ 70,000 by the end of 2024, stating that stock indices such as NASDAQ 100 and S&P 500 also broke records and predicted that they would also rise with BTC.
“I think Bitcoin can reach between $750 thousand and $1 million by 2026. However, a few scenarios need to happen for this.
Additionally, my target of $70,000 for BTC by the end of 2024 remains valid.”
Apart from this, Arthur Hayes stated that China is putting pressure on Bitcoin and cryptocurrencies, and said that Hong Kong is in a unique position in the cryptocurrency industry.
“China’s pressure on cryptocurrencies still continues.
China has made cryptocurrency trading difficult with its prohibitive actions, but its citizens still own Bitcoin. “I think the main concern of the Chinese government behind this prohibitive attitude is to maintain social stability.”
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/1-million-bitcoin-prediction-from-former-bitmex-ceo-here-are-the-possible-scenarios-and-history/