Bitcoin to Hit $1 Million in 2-3 Years, Says BitMEX Co-Founder Arthur Hayes

Bitcoin to Hit $1 Million in 2-3 Years, Says BitMEX Co-Founder Arthur Hayes

  • BitMEX co-founder Arthur Hayes predicts Bitcoin will be worth $1 million in the next two-three years. He believes that the U.S. Federal Reserve’s new Bank Term Funding Program (BTFP) will help boost crypto prices.
  • Arthur Hayes recently spoke on a Bankless podcast hosted by David Hoffman. During his interview, he shared his take on the recent developments in the banking system of the United States and how it could affect inflation and the broader economy.
  • Hayes stated that BTFP endangers traditional finance systems, including fiat currencies, stocks and bonds. He believes that “outside money” like gold, real estate, and Bitcoin [BTC] is likely to remain unaffected if such a scenario were to occur.

BitMEX Co-Founder Predicts BTC Will Reach $1 Million

BitMEX co-founder Arthur Hayes recently appeared on a Bankless podcast hosted by David Hoffman. During his interview, he shared his thoughts on the U.S. Federal Reserve’s new Bank Term Funding Program (BTFP) and its potential impact on crypto prices. Hayes predicted that Bitcoin could reach a valuation of $1 million within two-three years due to increased inflation and pressure from traditional finance systems.

BTFP Endangers Traditional Finance Systems

According to Hayes, BTFP endangers all aspects of traditional finance systems, including fiat currencies, stocks, and bonds. However, he believes that “outside money” like gold, real estate, and Bitcoin [BTC] is likely to remain unaffected if such a scenario were to occur.

„Outside Money“ To Remain Unaffected