Will Bitcoin Reach $1M? Former Bitmex CEO Believes 'This Is The Trigger'
Portfolio Pulse from Benzinga Neuro
Former BitMEX CEO, Arthur Hayes, predicts that Bitcoin (BTC) could reach a price of $1 million due to escalating geopolitical tensions and persistent inflation. He believes that the ongoing wars involving the U.S and the stagnation of interest rate hikes by the Federal Reserve create a 'trigger moment' for Bitcoin. Hayes suggests that the surge in Bitcoin's value is not due to speculation about an ETF approval, but rather a reflection of a forthcoming 'very inflationary global world war situation'.
October 26, 2023 | 9:47 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bitcoin's value could surge due to escalating geopolitical tensions and persistent inflation, according to former BitMEX CEO Arthur Hayes. He sees these factors as a 'trigger moment' for Bitcoin.
The prediction by Arthur Hayes, former BitMEX CEO, that Bitcoin could reach $1M due to geopolitical tensions and inflation could potentially drive investor interest and increase demand for Bitcoin, leading to a surge in its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100