Arthur Hayes Outlines Bitcoin Path to $1,000,000, Says BTC ‘Does Best’ When Money Is Printed
The founder of Bitmex, Arthur Hayes, thinks that Bitcoin (BTC) could reach a seven -digit price in the years to come.
In an interview on the youtube channel of Kyle Chasse, Hayes said Bitcoin could reach a price of $ 1 million by the end of 2028.
According to Hayes, the potential relaxation of American monetary policy will have a positive impact on the Bitcoin price.
“… We know that you are going to print more money, we know that Bitcoin is doing the best when the money is printed. I don't know, I can't tell you what stock will do well, it's difficult. But I can tell you where Bitcoin will go.”
Hayes says that the US budget deficit, which he sees continuing to increase even after the change of administration, will serve as an bull catalyst for the potential increase in bitcoin at a price of $ 1 million.
“Biden issued about 7.1 billions of dollars in debt, the show of the Treasury during his mandate and we obtained Bitcoin 6x [from around $10,000 to over $60,000]…
It is a deficit of 7.1 billions of dollars. The deficit already develops under Trump …
And if you think the American population ends structurally. Thus, social security and Medicare payments will increase structurally. They can't stop this.
The defense budget will only increase. They will have to re-shore production, build a bunch of missiles and additional bullets and all these kinds of things correctly. And so again, the deficit only goes in a way – it's going higher …
Thus, the things that stimulate the budget only rise and the interest in the treasure debt is developing exponentially because even if Trump succeeds on his plan, which is 3% deficit by 2028, because of the place where you started, the size of the debt, your costs of interest are always developing in an exponential way.
Again, there is no mathematically means, unless they decide that we are going to close the government, which is not what he is talking about that he will be able to spend less than Biden. »»
The founder of Bitmex also affirms that the growing adoption of Bitcoin as an active in Haven Sure will also have a positive impact on the flagship cryptographic asset.
“We now have an ETF, we now have this story in the minds of an institutional investor who,` `Oh, Bitcoin is not only the Nasdaq, the high beta. It is actually a blanket against the fall in American exceptionalism, the fall of the American hegemonic Empire, maybe I should have part of it. It will do well.
https://www.youtube.com/watch?v=7GPQPIF-RBG
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