Co-founder of BitMex Arthur Hayes leans Bullish on Bitcoin (BTC) because rising liquidity conditions increase the value of the flagship crypto-asset.
In a new interview on the White Crypto YouTube channel, Hayes out An increase in global money supply will act as a bullish catalyst for BTC and Crypto.
“I think it is a good time to be in the crypto ecosystem because we have a kind of this reflection around the world. More Fiat money that has a scarce possession and the bullmarkt will continue. And I think it will be a nice party.”
According to Hayes, Bitcoin could rise by about 10 times from the current level by January 2029.
“I think that by the end of Trump’s presidency, so at the end of 2028, Bitcoin will be around $ 1 million. Or we have crossed $ 1 million. At that time it can be lower than that, but I think we will achieve that nominal figure within the next three to four years.”
Bitcoin acts at $ 103.045 at the time of writing.
On the prospects of the US dollar in the light of increasing the money supply, says the Moonstrom Fund Cio,
“I think the dollar is decreasing against gold, the dollar depreciation against Bitcoin. American treasury are probably the worst to possess something versus another kind of financially active that there is, because they have to devalue because there is too much.”
https://www.youtube.com/watch?v=ZHVAUI1-lJC
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