Arthur Hayes, the former CEO of BitMEX cryptocurrency exchange, drew attention with a blog post he published on October 24th. In his article titled “The Periphery,” Hayes revealed that Bitcoin has already warned all markets about the future. The famous figure also made a one million dollar price prediction for Bitcoin, which increased the interest in the article.
In his blog post, Arthur Hayes highlighted the recent geopolitical instabilities and criticized the United States for investing in two different incidents that could potentially lead to war. He also added that this situation increases the global risks.
Hayes is known for his predictions about the global economy in the post-COVID-19 and future inflationary periods. As part of these developments, he updates his one million dollar price prediction for Bitcoin, which is seen as the ultimate move of controlled economy. The famous figure cited the Yield Curve Control (YCC) practice that emerged in Japan as an example in his prediction.
Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, recently made statements about the possibility of a Third World War. The famous figure assigned a 50% probability to such an event. Dalio made the following comment in an article he shared on LinkedIn on October 12th:
“Great powers’ leaders need to prepare to be strong enough to successfully conduct and win a hot war, while wisely taking a step back from that possibility. I hope that they will wisely return from this possibility. In my opinion, for it to go well, not only the strengths of the participants will be tested but also the alliances that are inclined to draw non-combatant parties into the war. Because being an ally and assisting allied countries in these ruthless wars is always very costly and increases the risk of being completely drawn into the war. Local wars turn into world wars in this way.”
With the excitement created by the approval of the stock investment fund, Bitcoin experienced a 27% increase in October, according to the data from crypto data analysis firm CoinGlass. Since the beginning of the year, the price has increased by over 100%.