$BTC Arthur Hayes, co-founder of the BitMEX platform, tends to be optimistic about Bitcoin (BTC), as high liquidity conditions enhance the value of this leading cryptocurrency.
In a recent interview on the White Crypto channel on YouTube, Hayes states that the increase in global money supply will serve as a bullish catalyst for Bitcoin and cryptocurrencies.
"I think this is a great time to join the cryptocurrency ecosystem, as we have a kind of recovery happening around the world. More fiat money is chasing a rare asset, and the bull market will continue. I think it will be a fun party."
According to Hayes, the price of Bitcoin could rise by about ten times its current level by January 2029.
"I believe that by the end of Trump's presidency, at the end of 2028, the price of Bitcoin will reach around one million dollars. Or maybe we will exceed one million dollars. It may be less than that by then, but I think we will reach that nominal figure in the next three to four years."
Bitcoin is trading at $103,045 at the time of writing this report.
Regarding the outlook for the US dollar amid increased money supply, says the Chief Investment Officer of the Maelstrom fund:
"I believe the dollar will decline against gold, and it will decline against Bitcoin. US Treasury bonds may be the worst investment choice compared to any other type of financial asset, as they need to be devalued given how much there is."
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