Arthur Hayes Sees Crisis Larger Than The Great Depression Before End Of Decade, Bitcoin Will Reach $1M By 2026: 'Real Bull Market Starts…'
Portfolio Pulse from Mehab Qureshi
Arthur Hayes, co-founder of BitMEX, predicts a major financial crisis worse than the Great Depression before the end of the decade. Despite this, he remains optimistic about Bitcoin, forecasting a price range of $750,000 to $1 million by 2026. He believes the approval of a spot Bitcoin ETF in the US, Europe, and possibly Hong Kong, along with the Bitcoin halving event, could push the price to a new all-time high of $70,000 in mid-2024.
October 11, 2023 | 6:38 am
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Arthur Hayes predicts Bitcoin will reach a price range of $750,000 to $1 million by 2026, despite foreseeing a major financial crisis. He believes the approval of a Bitcoin ETF and the Bitcoin halving event could push the price to a new high of $70,000 in mid-2024.
Arthur Hayes' prediction of a major financial crisis could potentially lead to increased investment in Bitcoin as a 'safe haven' asset. His forecast of a Bitcoin ETF approval and the Bitcoin halving event could also drive up the price. However, these predictions are speculative and should be taken with caution.
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