Arthur Hayes, the founder of BitMEX, makes striking claims about Bitcoin’s future, predicting that BTC will exceed $100,000 due to increasing money printing worldwide. He expressed that Bitcoin 
$98,513 could reach a million dollars in the next five years. Currently, Bitcoin is trading at $95,026.
Bitcoin’s Rise and the Role of Money Printing
In an interview with Blockmedia, Hayes mentioned that Bitcoin could reach $100,000 by year-end. He pointed out that “the birth of Bitcoin in 2009 was a result of a major financial crisis. Today, the same economic issues are resurfacing. The expansion of the money supply will lead to Bitcoin’s rise. I believe BTC will reach a million dollars in five years.”
Hayes emphasized that the trend of money printing in the global economy presents a significant opportunity for Bitcoin, noting that major economies like the U.S., European Union, China, Japan, and South Korea have turned to money printing to manage their debts. According to Hayes, this process will increase the value of scarce assets like Bitcoin.
Global Economic Challenges Support Bitcoin
Hayes expressed that many governments cannot cut spending to tackle economic problems. The rising debt burden has compelled central banks to print more money. He stated, “Tax increases could provoke public backlash, which is why governments prefer printing money.”
Supporting his views with past examples, Hayes noted that Bitcoin has been the best-performing asset since 2009. The cryptocurrency‘s market capitalization has surged from nearly worthless to close to two trillion dollars, validating his arguments. Hayes contended that continued expansion in money supply will further propel Bitcoin’s value.
Hayes concluded by stating that, as the global economy navigates challenging times, Bitcoin will emerge as a safe haven. Current price movements of Bitcoin seem to affirm Hayes’ predictions.
