Arthur Hayes, co-founder of BitMEX, predicts that the price of Bitcoin will soar between $750,000 and $1,000,000 per coin in about three years.
The Biggest Bull Market Ever
ininterviewwith Impact Theory, Hayes claims Bitcoin It will continue to trade sideways near the $25,000 to $30,000 level this year. before rising above the previous all-time high of $69,000 by the end of 2024.
Next year’s profits will be driven by the growing economy, which will Real-interest rates are negative, prompting investors to look for returns in riskier areas such as cryptocurrencies.
Other positive factors include the Bitcoin halving event in April. and the launch of Bitcoin ETFs by major asset managers including BlackRock in the US.
Hayes said that’s when. “The real fun begins.”
“My target is in the $750,000 to $1,000,000 range in the 2026 time frame, and I believe this will be the largest bull market in financial assets we have ever seen in human history.”
His predictions aren’t just for Bitcoin, as he also mentions that the Nasdaq, S&P500, other stock indices and other forms of assets will also soar to the moon.
refer : cryptopotato
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