"1 Bitcoin To $2 Million - Here's WHY" Arthur Hayes 2024 Crypto Prediction + M2.com Review
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Bitcoin is going to a million dollars per coin. People don't have big enough imaginations to understand the extent of this digital asset class. You may wonder why did it go so fast to 70,000? Because a bunch of people now can check a box and buy some Bitcoin ETF. This is a clear indicator of a growing interest from the global investment community.
This is the latest prediction from Arthur Hayes, the co-founder of BitMEX.
Recently, Arthur Hayes shared his insights on the current macro environment, particularly regarding the surge in Bitcoin purchases. He noted that real yields in major economies like the US, EU, China, and Japan have been negative since the global financial crisis. Essentially, this means that bondholders are losing money compared to the rate at which the economy is growing.
As investors realize the shortcomings of holding bonds, they turn to Bitcoin as a viable option, especially with the introduction of Bitcoin ETFs, which provide a convenient way to invest.
Hayes also discussed the potential impact of Bitcoin ETFs on traditional portfolio allocations, corporate investments, and the broader financial market.
However, make sure to stay until the end of the video where Arthur Hayes explains the impact of volatility on Bitcoin’s price action.
About Arthur Hayes:
Arthur Hayes is an American banker, entrepreneur, derivative trader, Bitcoin advocate, and a fintech pioneer. He was the CEO, and co-founder of BitMEX along with Ben Delo, and Samuel Reed. BitMEX was founded in 2014, the parent company is HDR Global Trading.
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"1 Bitcoin To $2 Million - Here's WHY" Arthur Hayes 2024 Crypto Prediction + M2.com Review