BitMEX co-founder Arthur Hayes is predicting Bitcoin (BTC) will hit an astronomical peak this market cycle.
In a new interview with Anna Tutova, the CEO of Coinstelegram, Hayes says Bitcoin could hit seven figures in about a year or so due to a massive expansion of monetary supply from governments.
“I believe we can get to $1 million end of the cycle – $1 million… because the amount of money that’s going to be printed is going to be absolutely insane as every government around the world does the same thing, which is print money to make my people feel happy because the global growth is slowing…
I think that we’re in a transition period of a global financial system. We’re going to change it. The elites will resist the change, which means they’re going to print a lot of money and more money that’s ever been printed because they don’t want the post-World War II US hegemony to change.”
Bitcoin is trading for $94,244 at time of writing, down 1.8% in the last 24 hours.
Asked how long the current bull market may last, Hayes says,
“Maybe 2026, 2027 is my estimate, but who knows.”
He also says that while some altcoins have plummeted, the overall crypto market cap is up compared to more than a year ago, indicating the upward trend remains intact.
“The aggregate value of all of crypto has still increased over the last 12 to 18 months, so I believe we’re still in a bull market.”
Generated Image: Midjourney
