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Arthur Hayes, the co-founder of BitMEX, argues that Bitcoin 
$108,830 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.
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.
