$BTC Arthur Hayes, co-founder of BitMEX, believes that Bitcoin could reach $1 million, driven mainly by global economic issues. He points out that the instability in real yields on government bonds in the United States and other advanced economies, such as the European Union and Japan, is driving investors to seek alternatives. For Hayes, yield control policies, especially the Federal Reserve's interest rate cuts, are devaluing traditional assets, which makes Bitcoin an increasingly attractive store of value.
In addition, Hayes argues that rising geopolitical tensions and the possibility of global inflation wars could also accelerate Bitcoin's appreciation, causing investors to view the cryptocurrency as a hedge against inflation and financial instability. He believes that as more people realize Bitcoin's potential as a safe haven, its value could skyrocket, reaching the $1 million mark in a scenario of increased demand and devaluation of fiat currency.
For him, this is a crucial time to invest in cryptocurrencies, given the uncertainties in the global market and the signs that the dollar is losing its strength as a safe asset. This forecast, however, remains speculative and subject to several economic and geopolitical factors that could change the scenario in the short and medium term.
For more information, see the analyses of sources such as The Daily Hodl and Cointelegraph...
