Arthur Hayes, the cofounder and former CEO of Bitmex, is making some bold predictions that have the crypto world buzzing. According to Hayes, it doesn’t matter whether Donald Trump or Kamala Harris wins the presidency in 2024—either way, cryptocurrency prices are set to soar. Why? Because both administrations, in his view, will resort to massive money printing to stave off financial crises, and that’s going to send Bitcoin “very, very high.”
Hayes argues that politicians often use aggressive financial measures, like printing money, to navigate economic downturns, especially when their re-election is on the line. He believes this kind of monetary intervention is inevitable, whether it’s Trump or Harris in office. In a recent discussion, Hayes mentioned that the strategies might differ slightly between the two, but the result would be the same: more money in circulation, and therefore, a significant boost to crypto prices.
For crypto traders, this prediction is both thrilling and a bit nerve-wracking. Imagine Bitcoin reaching “hundreds of thousands of dollars, maybe even $1 million.” It’s a scenario that could redefine the landscape of cryptocurrency investing. Hayes points out that the path to these sky-high prices won’t be smooth—it could be “wonky,” with plenty of volatility along the way. But in the end, he’s confident that the direction is clear: up.
What’s driving this dramatic forecast? Hayes points to the massive global debt that needs to be addressed and the shifting dynamics in the world’s monetary system. He suggests that as countries and financial institutions grapple with these issues, they’ll turn to measures that will ultimately benefit cryptocurrencies.
For those in the crypto space, Hayes’ predictions are more than just intriguing—they’re a call to pay close attention to the political and financial moves on the horizon. Whether you’re a long-time investor or a newcomer, the idea that Bitcoin could reach such staggering heights is sure to spark excitement and anticipation.
