Arthur Hayes of BitMEX, the co-founder said that Bitcoin will reach seven-figure prices in four years.
But he is buying ETH now because he thinks it can easily perform a “3x to 5x pretty quickly.”
Hayes comments on the AI bubble in the latest Trade Secrets episode. “massive” Bitcoin may reach $1,000,000 by 2030 due to the potential US Yield Curve Control and money printing.
“We have the ingredients. The time is now. So I think the $58,000 was probably the bottom in Bitcoin, and now it’s going to grind higher in this hate fuck rally,” The 41-year old billionaire claims
Hayes’ prediction came just two weeks before 10x Research’s research head Markus Thielen said to Trade Secrets, that reaching this figure by 2030 would be difficult. “mathematically impossible.” The amount of capital that Bitcoin has seen over the last 15 years, which pushed its price to where it is today, suggests that it will have little chance in attracting trillions of dollars in new inflows within the next 4 years. to reach $1 million.
Arthur Hayes no longer interested in Hyperliquid
Hayes, while still bullish about Bitcoin’s future growth potential, is now less confident than before.
Bitcoin’s price has increased by 22.15 percent in the past thirty days. (CoinMarketCap)
“I don’t think there’s that type of asymmetry in the price right now. Everybody knows that Hyperliquid is here,” He says. “It’s not an it’s not this like unknown thing that’s outperforming expectations, right? […] There are massive expectations now on Hyperliquid.”
“That doesn’t necessarily mean it’s not going to go up in price, but I think there’s better risk-reward at least for the capital at Maelstrom to deploy into the shitcoin space than Hype,” He says.
These comments follow shortly after US president Donald Trump announced that the US was working on bringing Hyperliquid to the country. Hayes now claims that Trump has very little control over the prices of cryptocurrency assets.
“It’s irrelevant. What Trump says or does is irrelevant. Look at what Bessant does. Read the Treasury, read the Fed, read the monetary authorities. Like Trump is just a very entertaining politician, but he has no effect on the price of Bitcoin,” Hayes:
Hayes asked whether Trump is willing to expend the political capital necessary to get crypto legislation like the CLARITY ACT passed, especially when there are other issues that matter more to most voters. He said that the “median under-sighted voter” The law is not important to me.
Hayes ‘feels excellent’ about BitMEX shutdown
Hayes, who graduated from Penn in 2008, began his trading career at Deutsche Bank in Hong Kong and Citibank.
Hayes, Ben Dolo, Samuel Reed and others co-founded BitMEX, the first crypto derivatives trading exchange. It was announced recently that the exchange would shut down on Sept. 23, and encouraged users to prepare. users to close positions You can withdraw your funds up to the date deadline.
Hayes claims it “feels excellent” The exchange has decided to shut down.
“We shut it down because we wanted to shut it down, not because we got hacked,” He says that the “best way” It is time to move on.
“We landed the plane on our own terms,” He also adds.
Hayes claims that the competition has become so intense that it is difficult to run a cryptocurrency exchange today. “really a mug’s game” You will not be able to compete with a large player such as Binance, OKX or NYSE.
“There’s no point in even playing because it’s just so expensive to secure it, so expensive to run the tech in the data centers, like it doesn’t make any sense as a business,” Hayes:
Hayes’s first pick was Ethereum
Hayes states that his “number one pick” Ethereum has been the hottest cryptocurrency of late. “I think that is a better risk-reward for a spare unit of fiat that’s gonna be deployed into crypto than Hyperliquid,” He says.
“That doesn’t necessarily mean that Hyperliquid won’t rise in price. I just don’t think it’s poised for a 5x, and like where I think Ethereum could do, you know, 3x to 5x pretty quickly,” He says.
“Everybody hates it. It’s the one megacap crypto that has not eclipsed its 2021 all-time high.”
Hayes points to the fact that DeFi is actually the bottom layer. “hated” It is due for an upsurge for many different reasons. “I think now it’s time to perform because it’s been so beaten down and so forgotten. And we saw it rip 20% when Bitcoin ripped,” He says.
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Source: cointelegraph.com
