Hayes: Bitcoin at $1.8M and the Reserve System of the Future
Arthur Hayes has released a new essay "The Genie", in which:
🔹 Warns: holding BTC in reserves is risky – the new US administration may sell the assets.
🔹 Suggests: to keep dollars for trading, and BTC as a global reserve.
🔹 Predicts: Bitcoin will reach $1.8M and become the primary reserve asset.
🔹 Notes: the US has key resources for dominance in mining.
🔹 Skeptically assesses the rise of BTC to $110K, calling it a result of optimism around Trump.