Topic: BitMEX Founder Arthur Hayes Predicts Bitcoin To Reach $1 Million Within 2-3 Year (Read 298 times)

$50k or $100k in a few years is realistic. Something like $1,000,000 especially in 3 months simply is not.

Only way that will happen is maybe some illiquid short squeeze on the weekend or we are in a hyper inflation state and everything will be in chaos which obviously you don’t want. It would set us back to the stone ages pretty much. Which I obviously don’t think will happen.

It comes a bit across as if Arthur Hayes is playing the game of fake it till you make it. The more often people hear in public that Bitcoin will go to a million, the more this "million mark" becomes sort of a Shelling point. Whether it makes sense or not doesn't matter, but it has to do with behavioral economics and the herd. That doesn't mean it will reach 1 million, but it is more likely to go towards 1 million than if Hayes and all the others out there would be talking about 100k. For them it is aim high and sell way below that aim and let the rest crash.

Maybe 1 million is someone's fantasy or dream, but why can't bitcoin be worth 50k or 100k in a few years? Next year there will be another halving, which has been the growth driver for bitcoin until now. The statistics so far are 100% that there has been an increase in price after that. I think the next halving will not be an exception.

I also think so, that's too optimistic, especially in 2-3 years I don't think it will be possible. Even to reach 50K in the next 2 years is very good in my opinion, we don't need to be too exaggerated in dreaming that Bitcoin will reach 1M USD in the next few years, because seeing the current economic conditions and the government which continues to discredit the crypto market, it will be difficult or almost impossible for Bitcoin to reach 1M USD price.

In fact, it is very difficult to make futures because the crypto market is not stable but investors could benefit greatly from bitcoin's promising future. Bitcoin will grow a lot in 2 to 3 years but no one can say whether it will reach $1 million or not. BitMEX founder arthur hayes predicted and many traders accept this prediction as truth marketers usually provide a lot of information but not all of it is useful.

I've never seen anything this impossible to achieve, Bitcoin trading for $ 1 million is ridiculous, and this is not the first time that some set of people will predict something this stupid and deceiving, do not plan to sell only when Bitcoin reach 1 million, this was the same mistake that some investors made in past bull season, they kept waiting for 100k bitcoin before selling and it never happened.

It is a double-edged sword when someone running a huge crypto trading company talks about crypto prices. He is entitled to do that like anyone else of course, but whether we like it or not, there is still a significant speculative element in the assessment of cryptocurrency prices. The utility is there, but when does it enfold its full potential and why? Is it triggered by more and more banks failing? By people losing trust in fiat? By a war or something else?

It is still a bit different when someone running a software company says that software will be successful. There is still a speculative element, but it is less complex and less dependent on external factors. Software from Microsoft or hardware from Apple like the iPhone was a natural evolution retrospectively. Bitcoin can be, too, but its success (or the speed of its success) depends on authoritative top-down decisions oppressing peoples' freedom who then seek for alternatives.

To some degree Bitcoin suffers from similar mistrust like fiat money due to crypto businesses handling multi-billion dollar deposits even worse than banks, like in the case of Sam Bankman-Fried. That does indeed need more control, in a best case scenario with the help of decentralized solutions. But building that infrastructure and gaining critical mass for new applications to work on a global scale takes time.

I mean it is okay to imagine and has speculation but $1 Million in 3 Years that's seems impossible to reach. I mean most of the guys out there will predict bitcoin will reach 100k for now to achieve 100K we need break a dozen of major resistance but this still possible in my opinion. $1 Million dollar yes is still achievable if there lot of government using legal tender and make it lot of use case from it.

If you guys follow Twitter it seems that he might of not funded the escrow yet. Seems he is taking back his word. His opponent funded his portion but before he sends his, he wants to check with his lawyers first.

So it seems that the bet might of fell thru when he realized that it’s a pretty stupid bet and it’s just wasting money. Well not actually wasting since the counterparty from what i read would donate it to charity anyways.

See how it unfolds this week.

Many are those who are overly optimistic about the future of Bitcoin, expecting it to reach a million dollars in a short period, but the recent statement of the CEO of Coinbase exceeded all expectations as he predicted that Bitcoin would reach a million dollars within 90 days!!!

Therefore, it can be said that Arthur Hayes' words are more realistic, as he says that it can reach a million dollars during this cycle, not within 90 days.

Personally, even this talk I find exaggerated. I am a fan of Bitcoin and I hope that will happen, of course, but it is far from reality. I can expect it to reach 100K$ at the latest during this cycle.

We should really stick into that realistic side or numbers which it is really that good on seeing that $100k could be achieve in speaking of new ATH but of course it isnt something that easy that would really be able to hit up if we do speak about target price. These bullish people would be saying about a million a piece which is really that impossible for a short time of span and this is why lots of people would really be laughing with this kind of price approach or belief on which it cant really be just that possible with those times. Yes, there's a potential but it would really be taking up decades or something like that or would never ever
reach out this level but who knows on what the future holds, right?

Predictions of $100k maybe more realistic to be achieved if it is related to previous ATH, but people are free to speculate on any price because nothing is impossible that bitcoin price can be achieved in the future, but I am optimistic that after the halving bitcoin will recover soon to reach new highs and my speculation is a price of $100k will be reached soon.

At least the time frame of this prediction is way more reasonable than Balaji Srinivasan that predicts Bitcoin will reach 1m within 90 days.  But I still doubt that Bitcoin will reach 1m in two or three years time.  Often times indicators changes from time to time.  So if ever the indicators shows that the possibility of reaching $1m in 2 or 3 years changes, then it is more likely that the one issued the prediction may change his statement.  After all no one know the future price of Bitcoin until it happens.

That could be a huge target for the next bull run, and I can only see this as possible if the US economy continues to go down and if there’s already a huge panic against the banks. Don’t expect too much though since reaching that price if quiet impossible for now, I can only see $100k in 2025 after the halving.

We dont all believe in 1 million, quite a few sell when BTC goes to extremes like the 10k scenario.  Many people clearly dont really believe in 1 mill or why would you ditch on the down turn.  The price this week, month or year even doesnt stop 1 mill in future but it sure puts up a wall to such views in appearing to make it heavily unlikely though the way BTC moves is quite confusing.   
  I dont think 1 mil occurs in the price without some quite heavy news, extreme volatility and sell offs in an ironic way many holders will sell during that harsh enviroment.  1 mil is a nuclear sunset scenario, it shouldnt happen but yes we 'know' it can but not really the means by how gravity is defied in that way.

$1M in next 1 to 3 years is a dream, I don't think it will come true. Looking at the 4 year cycle, you can probably guess when that $1M came though there are a lot of doubts about it considering it's hard to get similar scenario for the future price of bitcoin.

Right now we hope that $100k is real when bitcoin is on its way to halving. If that scenario were to repeat itself, then there is hope for $1 million even though it must be very large amount. Now let's say that $1M in 1-3 years doesn't happen, but the target is $100k in 1-3 years.

I don't think it will even hit 500k in his time frame. Bitcoin is growing and it's going to continue but I just don't see it going more than 20x from today's price in 2024 bull market.

I see 2 possible scenarios for this run. It will either follow diminishing return pattern like the last bull market and go 3-4x fro the ATH finishing at 250 maybe 300k and dropping back to 60k in the bear run, or following its old pattern from 2017 and reaching over 500k, which would be consistent with the S2F model, but that's very unlikely.

1 million is possible especially if one day USD collapses, but not in this cycle. Maybe in 5-6 years.

I think his predictions are not too exaggerated but he stated 2-3 years in the future and the factors for predicting that timeframe are considered very exaggerated, for example that no one believes bitcoin can reach a price of $ 10k when 1-2 years bitcoin has been created but the fact is that the bitcoin price is higher than the previous target price, so it is likely that the same opportunity will occur in the future, that it is possible that the bitcoin price could become $ 1 million someday.

People are most likely listening to him because of the bullish predictions. But they don't remember that guy has been making too bullish predictions whole this time.
He also predicted that Eth would be $5000 by march 2023 because of the merge. Why are people listening advices from someone who has make so bad choices he ended up in jail is beyond my understanding.

the thing to note is not to be too great with the predictions of one of the company's founders because these predictions are commonplace. bitcoin will surely go to the price of $1 million but no one knows when it will be (not a year or 10 years in the future).