Bitcoin at $1 million? Arthur Hayes bets big on cryptocurrency’s potential

The cryptocurrency market continues to be buzzing with predictions and analyses about the future of Bitcoin . Amid debates about possible corrections and new all-time highs, a well-known voice in the industry is once again making waves: Arthur Hayes, co-founder of BitMEX, predicts an astronomical future for Bitcoin, with the cryptocurrency potentially reaching the $1 million mark in this market cycle.

In a recent interview Speaking with Anna Tutova, CEO of Coinstelegram, Hayes shared his bullish view, attributing Bitcoin’s potential explosive appreciation to a massive expansion of the money supply by global governments. According to him, the rampant printing of money to sustain economic growth and keep the population satisfied will create a favorable scenario for Bitcoin’s rise. Hayes also argued that we are in a period of transition in the global financial system.

“I believe we can get to $1 million by the end of the cycle – $1 million… because the amount of money that will be printed will be absolutely insane, since all the governments around the world do the same thing, which is to print money to make my people feel happy because global growth is slowing down…

I think we are in a period of transition of a global financial system. We are going to change it. The elites are going to resist change, which means they are going to print a lot of money and more money than has ever been printed before because they don’t want the post-World War II US hegemony to change.”

Asked about the duration of the current bull market, Hayes estimated that it could last until 2026 or 2027, although he acknowledged the difficulty of predicting with precision. “Maybe 2026, 2027 is my estimate, but who knows.” He also noted that, despite the decline of some altcoins, the total value of the cryptocurrency market has increased considerably compared to the previous year, which, for him, indicates that the bullish trend remains intact.

“The aggregate value of all cryptocurrencies has still increased over the last 12 to 18 months, so I believe we are still in a bull market.”

It is worth remembering that, last month, Arthur Hayes designed Bitcoin at $1 million amid falling US dollar. Hayes made bold predictions in his article “Black or White,” discussing the impact of Trump’s economic policies on the global economy. He argued that Trump’s approach could lead to a significant depreciation of the US dollar (USD), a scenario that would paradoxically benefit cryptocurrencies like Bitcoin.