Arthur Hayes Predicts $1 Million Bitcoin at TOKEN2049

Arthur Hayes, the co-founder of BitMEX and Chief Investment Officer of Maelstrom, believes Bitcoin is on its way to reaching $1 million. With bold forecast and unshakable faith in crypto’s future, Hayes made waves when he spoke at the opening ceremony of the prestigious TOKEN2049 conference in Dubai.

Hayes gave a speaking performance before a full auditorium where he balanced economic perspective with his powerful declarations.

Hayes advised to commit completely to every investment opportunity as he predicted an imminent financial market expansion combining crypto and conventional assets. He declared:

“It’s time to go all in on everything.”

Bitcoin Gains As Fiat Systems Weaken

The backbone of Hayes’ optimistic market outlook depends on his traditional argument about central banks, including the Federal Reserve, facing future demands to conduct sizable money-printing programs for economic stability.

The U.S. injected its financial system with $2.5 trillion using its repo operations during Q3 2022 market panic, which stemmed from inflation worries and rising interest rates alongside the FTX collapse, according to Hayes who made this observation during his presentation to attendees.

The system remained operational because of that money injection, even though it lacked media attention. The economic recovery cycle will start again regardless of whether policy makers agree with this development.

Hayes believes Bitcoin will profit greatly from new rounds of quantitative easing since declining fiat currencies act as its primary benefactors. He emphasized again his forecast that Bitcoin could achieve a value of $1 million, while hinting it might occur within the next eight years.

According to Hayes, his Bitcoin price prediction follows the natural laws of both history and economics. He stated that Bitcoin experiences a price increase whenever new prints are produced.