Will the price of Bitcoin reach 3.4 million dollars in 2028? Arthur Hayes thinks not
Arthur Hayes has made a new prediction about the price of BTC, in which he foresees that Bitcoin "will rise significantly" in three years, but not to reach 3.4 million dollars per coin.
Will the price of Bitcoin reach 3.4 million dollars in 2028? Arthur Hayes thinks not
Market news
Key points:
Bitcoin will have a "notably higher" price in 2028, said Arthur Hayes, but 3.4 million dollars per coin is too optimistic.
Price increases of BTC resulting from credit growth may not match past performance.
Money printing in the U.S. has returned with the Trump administration, paving the way for BTC price expansion.
It will have a "notably higher" price than its current 119,000 dollars in 2028, according to former BitMEX CEO Arthur Hayes.
In his latest blog post, "Four, Seven," published on Tuesday, Hayes foresees that money printing will drive the price of BTC to new records.
Hayes foresees a "notably higher" BTC price
Money printing in the U.S. under President Donald Trump's administration will be what drives Bitcoin to the stratosphere in just three years, Hayes claimed.
Trump intends to "preserve the fruits of the supposed empire for the ruling class," something that U.S. presidents who preceded him have already attempted.
"Nowadays, another war against a more united, prosperous, and militarily strong Eurasia (Russia, China, India, and Iran) requires a drastic shift in credit allocation," Hayes stated.
"And therefore, I proclaim with extreme confidence regarding money printing, that these guys are not playing.'"
For this, Trump needs to gain influence over the Federal Reserve, with his appointments steering monetary policy toward money printing through a possible agreement with the U.S. Treasury.
