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Reading: Arthur Hayes Predicts Bitcoin Could Skyrocket to Seven Figures
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COINTURK NEWS > Bitcoin (BTC) > Arthur Hayes Predicts Bitcoin Could Skyrocket to Seven Figures
Bitcoin (BTC)

Arthur Hayes Predicts Bitcoin Could Skyrocket to Seven Figures

In Brief

  • Arthur Hayes believes Bitcoin may reach seven-figure valuations in the near future.

  • Hayes emphasizes Bitcoin's fixed supply as a key factor for long-term value retention.

  • Increased institutional adoption is expected to drive Bitcoin's market value significantly.

Fatih Uçar
Fatih Uçar 4 months ago
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Arthur Hayes, the co-founder of BitMEX, argues that Bitcoin $0.000041 could significantly appreciate and reach seven-figure valuations in the coming years. In an interview with Tom Bilyeu, founder of Impact Theory, Hayes suggested that Bitcoin’s value could increase by over 950% from its current price within three to five years.

Contents
Bitcoin’s Limited Supply and Store of Value PotentialIncrease in Global Money Supply and Demand for BitcoinInstitutional Adoption and Financial Instruments

Bitcoin’s Limited Supply and Store of Value Potential

Hayes emphasized the importance of Bitcoin’s fixed supply, with only 21 million coins to ever be produced, which he believes will help maintain its value over the long term. He predicts that interest in Bitcoin will rise not only from major institutions like BlackRock and MicroStrategy but also from individual traders.

Increase in Global Money Supply and Demand for Bitcoin

He noted that governments would continue to expand the money supply, which would drive demand for Bitcoin as an inflation hedge. Hayes questioned the logic of selling Bitcoin for fiat currency, stating that as Bitcoin’s value increases, fewer people will be inclined to sell their holdings.

Institutional Adoption and Financial Instruments

Hayes mentioned that the adoption of Bitcoin through ETFs and other institutional financial instruments would further increase its market value by removing supply from circulation. He highlighted that such adoption could lead to exponential increases in Bitcoin’s marginal price.

He also anticipates a shift where retail investors allocate portions of their retirement funds into Bitcoin, seeing it as a safeguard against inflation. Hayes predicts that major economies will continue to accelerate money printing, further supporting Bitcoin’s value proposition.

Currently, Bitcoin is trading at $94,403, having increased by 2% in the last 24 hours. Hayes’ remarks have sparked both interest and debate among market participants regarding Bitcoin’s potential future value, as differing opinions continue to shape investor sentiment amid volatile market dynamics.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 12 January, 2025 - 12:15 pm 12 January, 2025 - 12:15 pm
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