tl;dr
BitMEX founder Arthur Hayes predicts that a global macro shift will lead to a significant increase in the monetary supply, driving Bitcoin and crypto to much higher valuations. Hayes believes that the US, China, Europe, and Japan will all need to create more money to achieve their economic goals, ul...
BitMEX founder Arthur Hayes predicts a global macro shift will lead to a significant increase in the monetary supply, propelling Bitcoin and crypto to much higher valuations. According to Hayes, the US, China, Europe, and Japan will need to create more money to achieve their economic goals, ultimately pushing assets like Bitcoin to unprecedented levels. Hayes suggests that Bitcoin could reach $1 million, with $250,000 being a milestone along the way, as a result of these changes in the global financial landscape. At the time of writing, Bitcoin is trading for $93,964.
In a recent interview with Scott Melker, Hayes explained that for the US to compete with China and realize its manufacturing goals, the Trump administration will have to print trillions of dollars. Additionally, Hayes notes that Europe, China, and Japan are also in a similar position, needing to create more money to fulfill their respective economic agendas. He emphasizes that these global financial changes will drive assets, including Bitcoin, to "unimaginable" levels.
Hayes also mentions that President Trump and Treasury Secretary Scott Bessent have expressed intentions to weaken the dollar and increase credit creation to stimulate growth. He predicts that these shifts in the global financial landscape will push assets like Bitcoin to unprecedented valuations. "These are the massive changes and the economics of the world that will bring crypto, the only free market left in the world and to an extent gold, to fiat price levels that are unimaginable. That’s how we get to $1 million Bitcoin, $250,000 is a stop along the way," Hayes explains.
At the time of writing, Bitcoin is trading for $93,964.