Bitcoin Could Hit $1 Million By 2026, Says Former BitMEX CEO

Generated by AI AgentCoin World
Saturday, May 17, 2025 3:22 am ET1min read
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Arthur Hayes, the former CEO of BitMEX, has made a bold prediction that Bitcoin could reach $1 million within the next three years. This forecast is based on several macroeconomic factors that Hayes believes will drive the price of Bitcoin to unprecedented heights.

Hayes' prediction comes at a time when Bitcoin has already surpassed the $100,000 milestone, a significant achievement that has caught the attention of investors worldwide. According to Hayes, the two primary catalysts for Bitcoin's surge to $1 million will be the repatriation of foreign capital and the devaluation of the massive stock of U.S. Treasuries.

He suggests that these factors will make Bitcoin the preferred haven for investors, as traditional safe-haven assets like gold and government bonds may lose their appeal. Hayes' forecast is timed to coincide with the next U.S. presidential election in 2028, when a less crypto-friendly president might assume office.

Hayes believes that the U.S. government will resort to printing more money, similar to quantitative easing, to compensate for the capital leaving the country. This, in turn, will drive investors to seek alternative assets, with Bitcoin being the perfect and only lifeboat for global capital.

Hayes' prediction is not without its critics, but his track record as a crypto legend and his insights into the macroeconomic landscape make his forecast worth considering. As the world continues to grapple with economic uncertainty, Bitcoin's role as a store of value and a hedge against inflation is becoming increasingly important.

Hayes' prediction is based on the assumption that the U.S. government will continue to print money, leading to a devaluation of the dollar and an outflow of foreign capital. This, in turn, will drive investors to seek alternative assets, with Bitcoin being the perfect and only lifeboat for global capital.

Hayes' prediction is not without its risks, but his track record as a crypto legend and his insights into the macroeconomic landscape make his forecast worth considering. As the world continues to grapple with economic uncertainty, Bitcoin's role as a store of value and a hedge against inflation is becoming increasingly important.