Bitmex co-founder Arthur Hayes is bullish on Bitcoin (BTC) to increase the value of its flagship crypto assets.
In a new interview with the White Crypto YouTube channel, Hayes said the increase in global money supply will serve as a bullish catalyst for BTC and Crypto.
“I think it’s a great time to be in the crypto ecosystem with this reflexion taking place all over the world. We’ll be chasing rare assets and a bull market will continue. And I think it’ll be a fun party.”
According to Hayes, Bitcoin could rise by January 2029 by about 10 times from its current level.
“By the end of Trump’s presidency, by the end of 2028, Bitcoin will be about $1 million, or more than $1 million. It may be lower at that point, but I think we’ll reach that nominal number within the next three or four years.”
Bitcoin is trading at $103,045 at the time of writing.
Maelstrom Fund CIO says its outlook for the US dollar in the face of an increase in money supply.
“I think dollars are depreciated against gold and dollars are depreciated against Bitcoin. The US Treasury Department is probably the worst they own compared to other types of financial assets.
https://www.youtube.com/watch?v=zhvaui1-ljc
Generated Image: Midjourney