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Reading: Arthur Hayes Predicts Bitcoin Could Soar to Million-Dollar Heights
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COINTURK NEWS > Bitcoin (BTC) > Arthur Hayes Predicts Bitcoin Could Soar to Million-Dollar Heights
Bitcoin (BTC)

Arthur Hayes Predicts Bitcoin Could Soar to Million-Dollar Heights

In Brief

  • Arthur Hayes believes Bitcoin could reach $1 million due to rising U.S. debt.

  • SLR rule modifications could increase liquidity and boost Bitcoin's value.

  • Market dynamics play a crucial role in shaping investor strategies in digital currencies.

Ömer Ergin
Ömer Ergin 5 months ago
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Arthur Hayes, co-founder of BitMEX, believes that Bitcoin $108,492 could reach seven figures as U.S. debt continues to rise. In a recent post on social media platform X, he shared with his 586,800 followers that if U.S. banks alter the supplementary leverage ratio (SLR) rule, it could inundate the markets with liquidity, significantly propelling Bitcoin’s growth.

Contents
Impact of SLR Rule Changes on BitcoinEffects of SLR Rule Modifications

Impact of SLR Rule Changes on Bitcoin

The SLR rule determines the liquidity that large banks must maintain, aiming to curb excessive risk-taking. This rule was temporarily modified during the COVID-19 pandemic to alleviate stress in the treasury market and enhance banks’ ability to lend to households and businesses.

Hayes is confident that Bitcoin could hit $1 million in this cycle, attributing this potential surge to the global central banks’ increase in money supply. He stated, “Every government worldwide will print money, drastically increasing the amount of cash in circulation,” which could significantly enhance Bitcoin’s value.

“The PR campaign that U.S. banks are conducting to obtain SLR exemptions has completely accelerated. This allows banks to buy U.S. Treasuries with infinite leverage and easily finance the massive debt issued by the U.S. government. This is another signal toward BTC reaching $1 million.”

Hayes also noted that the global financial system is undergoing a transitional phase, with elites likely resisting this shift. This resistance could lead to unprecedented money printing, resulting in significant increases in the value of digital assets like Bitcoin.

Effects of SLR Rule Modifications

Changes to the SLR rule could enable banks to have more liquidity, increasing the amount of money circulating in the market. This might raise demand for digital assets, thereby boosting Bitcoin’s value. Hayes’ predictions provide a noteworthy perspective given the current dynamics in the Bitcoin market.

The growing popularity of Bitcoin and optimistic projections from influential figures are heightening interest in digital currencies. However, market fluctuations and regulatory changes remain significant factors that could impact Bitcoin’s future value.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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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Ömer Ergin 4 January, 2025 - 4:14 pm 4 January, 2025 - 4:14 pm
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