Arthur Hayes, the founder of BitMEX, recently shared his bold predictions for Bitcoin (BTC) and the broader cryptocurrency market, stating that a global, multi-polar macroeconomic shift will likely lead to a massive expansion of the monetary supply. According to Hayes, this expansion will ultimately propel Bitcoin and other digital assets to “unimaginable” valuations.
In an interview with Scott Melker, Hayes highlighted how the U.S. administration under former President Donald Trump would need to print trillions of dollars to fulfill its campaign promise of revitalizing U.S. manufacturing and restoring the country as the economic powerhouse at the center of the world. Hayes pointed out that to compete with China, the U.S. would have to inject substantial liquidity into its system, which could spark a dramatic inflationary environment.
However, the need for increased monetary supply is not unique to the U.S. Hayes elaborated on how both Europe and China are in similar situations. In China, the government will likely need to print more yuan to support its property market, boost stock market investments, and drive inflation. Meanwhile, Europe faces the dual challenge of decarbonization and reducing dependence on Russian energy, all while maintaining a large welfare state—necessitating money printing to sustain their goals.
Hayes also touched on the role of Japan, which is expected to sell assets and repatriate yen, while the U.S. may intervene to prevent asset sales.
These geopolitical dynamics, Hayes argues, will cause a monumental shift in global economics, leading to massive growth in Bitcoin and other assets like gold. He believes that such changes in the financial landscape will drive Bitcoin’s price to “unimaginable” levels, with $250,000 seen as an intermediary milestone on the way to $1 million per BTC.
At the time of writing, Bitcoin is trading at $93,964, still far from Hayes’ forecasted price targets, but poised for potential growth as global economic forces continue to evolve.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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