Massive U.S. Dollar Printing Project Set for $9 Trillion, According to Arthur Hayes' Prediction - His Justification for Increased Bitcoin and Crypto Investment in 2020
Hearing It Straight from the Source: Arthur Hayes' Bullish Outlook on Bitcoin's Future
Wanna know where Bitcoin's headed? Look no further than Arthur Hayes, co-founder of BitMEX, who believes the Federal Reserve is all set to pump a whopping $9 trillion into the U.S. economy, landing a good chunk of it in the Bitcoin realm.
In his recent interview on the David Lin Report, Hayes revealed that he's confident Bitcoin's price could skyrocket by around 139% by the end of this year, landing at a cool $250,000. By 2028, he thinks Bitcoin could go up nearly tenfold, reaching the $1 million mark[1][2][4].
So why the bullish attitude? Hayes reckons that the banks, no longer bogged down by equity capital held against their treasury book, will be able to lend more to the real economy. This increased credit flow will eventually make its way into the crypto world, including Bitcoin[3].
But wait, there's more! Bitcoin's limited supply and comparatively smaller market cap mean there's less room for the money to spread around, causing prices to rise. It's no wonder Bitcoin has been the top performer among financial assets over the past 15 years[3].
But remember, folks, before jumping into any high-risk crypto investments, do your research and make sure you're comfortable with the risks. The Daily Hodl is here to keep you informed but not tell you what to do[5].
Bitcoin price as of writing: $104,462[6]
[1] BitMEX co-founder Arthur Hayes predicts Bitcoin at $1 million by 2028[2] BitMEX co-founder Arthur Hayes: Bitcoin could reach $250,000 by the end of 2025[3] Arthur Hayes: Injected liquidity to drive Bitcoin's price up[4] Bitcoin's small market cap lends itself to massive price increases[5] Opinions expressed by The Daily Hodl are not investment advice[6] Current Bitcoin price
Cryptocurrency investments, such as Bitcoin, could significantly increase in value due to the influx of money from the Federal Reserve, as stated by Arthur Hayes, co-founder of BitMEX, who predicts a price of $250,000 by the end of this year and $1 million by 2028. This bullish outlook is attributed to the increased credit flow into the crypto world, prompted by less equity capital held against banks' treasury book.
In the realm of finance and investing, Bitcoin's limited supply and smaller market cap make it a top performer among financial assets, potentially leading to substantial price rises. However, it's crucial to conduct thorough research and understand the risks before investing in cryptocurrencies.
