Topic: BitMEX Founder Arthur Hayes Predicts Bitcoin To Reach $1 Million Within 2-3 Year - page 2. (Read 298 times)
March 25, 2023, 12:37:17 AM
Most exchanges owners always give positive predictions until they don't make sense, I have never seen any exchange owners make bad predictions even when the market crashes, this is to make their business profitable, if you see a price prediction of $ 1 million in 2 or 3 years of course it is that is difficult to happen, and whatever happens the most important thing is that we get a profit.
March 24, 2023, 05:50:31 AM
It seems people are now eyeing the $1 million price for Bitcoin even if the current price is way too far from it. Cathie Wood of Ark Invest thinks that Bitcoin could reach $1.5 in 7 years. There is also this Balaji guy who sounds so sure that Bitcoin will hit $1 million in just 90 days. And now Arthur Hayes has also joined the fray with his $1 million prediction of Bitcoin in 2 to 3 years.
As much as I want it to happen, my realistic self tells me that $1 million is too far to predict. Perhaps we should try to predict $100,000 first or $200,000. We seem to be leaping too far.
As much as I want it to happen, my realistic self tells me that $1 million is too far to predict. Perhaps we should try to predict $100,000 first or $200,000. We seem to be leaping too far.
March 24, 2023, 12:15:10 AM
I watched his video with bankless on YouTube and read his article but I am confused.
He says that now they are guaranteeing 4T in assets. However this is borrowing future money for present money and shouldn’t cause inflation because nothing is created technically.
However he says when fed will cut, all this dry power will go into the market but how exactly? That money that was added to the balance sheet will stay on there until those USG and MBS mature and then it’ll roll off. I don’t get where he says the 4T will have an affect of the economy.
He says that now they are guaranteeing 4T in assets. However this is borrowing future money for present money and shouldn’t cause inflation because nothing is created technically.
However he says when fed will cut, all this dry power will go into the market but how exactly? That money that was added to the balance sheet will stay on there until those USG and MBS mature and then it’ll roll off. I don’t get where he says the 4T will have an affect of the economy.
March 23, 2023, 08:52:30 PM
so a million isn’t that crazy to those of us who have been around a few cycles.
It is, doesn't matter how you look at it.
Bitcoin had only 4 cycles, looking at the price appreciation from cycle top to the next cycle top gives you a total of 3 (since the first one had no previous cycle).
Cycle 1 to 2 > 3500%
Cycle 2 to 3 > 1560%
Cycle 3 to 4 > 240%
For this cycle to go to 1M, it has to do 1360% from the 70k top, when it had that 1560% the market cap was just a couple of billion, pretty easy to move, to do that now, you are going to need 4.5 trillion, to go from 300B (the current bottom of the cycle) to 4.5 trillion is way too unrealistic, that's almost half the market cap of Gold which has been there for thousands of years with all governments, banks, and women buying it.
To me, all those models and predictions are just to trick people into buying their bags and not selling before the whales do, the last cycle we had all those experts talk about 100k-200k top, they got the average joe waiting for those figures and they existed at 70k, now they are promoting the 1M and the 500k and they will probably exit at 200k.
March 23, 2023, 08:02:58 PM
1 million per bitcoin is way too optimistic. I am sure Arthur has some good reasons to think of such a number but for me, it is way to expensive and this price per bitcoin is not justified at all. If this happens then the market cap of bitcoin will reach trillions of dollars which seems next to impossible.
I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.
Too much optimism about the price or way too unrealistic on this kind of approach.Dont know on how these people do make out considerations. Even if we do speak about 2-3 years time I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.
which it is really that impossible if we do look on how fast and slow the price do make out on a particular time frame.It cant really just that possible for those numbers
to be reached in a few times and if we do see on how hard on breaking out those resistances then you would realize that this a level that we cant reach out even on 10 years time.
Somewhat it is really that not impossible but wont really be that short time.
It isn’t as crazy as it sounds when you look at the facts. FTX held down Bitcoin’s price in 2021 by telling customers they owned BTC while they didn’t because the exchange spent their money on shitcoins. This severely depressed the price. My personal projections were for it to hit $200K in 2021 and I believe that would’ve happened without FTX. If it did hit $200K, my prediction for 2025 would have been $800K, so a million isn’t that crazy to those of us who have been around a few cycles.
March 23, 2023, 05:56:16 PM
1 million per bitcoin is way too optimistic. I am sure Arthur has some good reasons to think of such a number but for me, it is way to expensive and this price per bitcoin is not justified at all. If this happens then the market cap of bitcoin will reach trillions of dollars which seems next to impossible.
I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.
Too much optimism about the price or way too unrealistic on this kind of approach.Dont know on how these people do make out considerations. Even if we do speak about 2-3 years time I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.
which it is really that impossible if we do look on how fast and slow the price do make out on a particular time frame.It cant really just that possible for those numbers
to be reached in a few times and if we do see on how hard on breaking out those resistances then you would realize that this a level that we cant reach out even on 10 years time.
Somewhat it is really that not impossible but wont really be that short time.
March 23, 2023, 02:21:43 PM
1 million per bitcoin is way too optimistic. I am sure Arthur has some good reasons to think of such a number but for me, it is way to expensive and this price per bitcoin is not justified at all. If this happens then the market cap of bitcoin will reach trillions of dollars which seems next to impossible.
I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.
I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.
March 23, 2023, 01:24:18 PM
Still Now I Have Doubt About Bitcoin Touch 1 Million Dollar Within 1-2 Years Than Means Within 2024 And 2025 It’s Just Predicted By BitMex Founders But Actually Now I,m Shearing In My Own Opinions About Bitcoin Price Prediction I Hope And So Many Biggest Biggest Predictor Already Analyses About Bitcoin Price They Told Many Time Bitcoin Bull Run START 2024 Than I Hope Bitcoin Can Go Easily $100k US Dollar But 1 Million Dollar Maybe Not Possible Within 2 Years.
March 23, 2023, 12:50:42 PM
That's waaaay too much but I understand his optimistic approach. He is the founder of Bitmex, what was he suppose to say, we are going down? Or we are going to be 50k in 3 years? That's not title worthy prediction, that would not even get you through the door for any article to be fair, the best thing to say is a few million dollars, that way you would actually get some attention.
He could have gone even further, say that we will be 10+ million dollars in 10 years, which people would believe because it is 10 years and when we are talking about that much further ahead, nobody really knows what's going to happen, it could be 100k, it could be 10m, who knows?
He could have gone even further, say that we will be 10+ million dollars in 10 years, which people would believe because it is 10 years and when we are talking about that much further ahead, nobody really knows what's going to happen, it could be 100k, it could be 10m, who knows?
March 23, 2023, 10:10:25 AM
Arthur Hayes, the former CEO of BitMEX, recently spoke to David Hoffman on the Bankless Podcast and shared his thoughts on Bitcoin’s future.
He explained that the liquidity for the Bitcoin Treasury Float Plan (BFTP) remains locked until rates drop, at which point Bitcoin will rise significantly. However, he dismissed the idea that Bitcoin will hit $1 million in 90 days.
Hayes clarified that he believes Bitcoin can reach $1 million during this cycle, which he expects to be within the next two to three years. He discussed how BTC could achieve this milestone and began by distinguishing between inside money and outside money.
Inside money, according to Hayes, is a liability on someone else’s balance sheet, such as dollars, yen, euro, yuan, stocks, and bonds. Crucially, what distinguishes it is that “you can’t utilize these things without interfacing with the fiat financial system and the people that are deputized to act in it,” he said.
On the other hand, outside money is not a liability on someone’s balance sheet, such as gold, real estate, and Bitcoin. Outside money is advantageous over inside money because the banking system does not affect it.
Hayes explained that outside money is desirable when the Federal Reserve is propping up the entire banking system, adding that banks holding BFTP-qualifying assets cannot go bust. Under this setup, the money supply expands infinitely at some point, resulting in price appreciation for outside money assets such as Bitcoin.
While Hayes dismissed the idea of Bitcoin hitting $1 million in 90 days, he believes that Bitcoin can achieve this milestone in the next two to three years. This prediction is consistent with the view of many cryptocurrency experts who believe that Bitcoin’s price will continue to rise in the long term.
Hayes’ views on Bitcoin’s future are essential, given his background in the cryptocurrency industry. As the former CEO of BitMEX, a leading cryptocurrency derivatives exchange, Hayes has extensive knowledge of the cryptocurrency market and its workings.
In conclusion, Arthur Hayes believes that Bitcoin can reach $1 million during this cycle, but not in 90 days. He explained that Bitcoin’s outside money status is advantageous over inside money and will result in price appreciation in the long term. While his prediction is just one among many, it is essential to consider his insights as a former CEO of a major cryptocurrency exchange.
Source: https://azcoinnews.com/bitmex-founder-arthur-hayes-predicts-bitcoin-to-reach-1-million-within-2-3-years-dismisses-90-day-timeline.html
He explained that the liquidity for the Bitcoin Treasury Float Plan (BFTP) remains locked until rates drop, at which point Bitcoin will rise significantly. However, he dismissed the idea that Bitcoin will hit $1 million in 90 days.
Hayes clarified that he believes Bitcoin can reach $1 million during this cycle, which he expects to be within the next two to three years. He discussed how BTC could achieve this milestone and began by distinguishing between inside money and outside money.
Inside money, according to Hayes, is a liability on someone else’s balance sheet, such as dollars, yen, euro, yuan, stocks, and bonds. Crucially, what distinguishes it is that “you can’t utilize these things without interfacing with the fiat financial system and the people that are deputized to act in it,” he said.
On the other hand, outside money is not a liability on someone’s balance sheet, such as gold, real estate, and Bitcoin. Outside money is advantageous over inside money because the banking system does not affect it.
Hayes explained that outside money is desirable when the Federal Reserve is propping up the entire banking system, adding that banks holding BFTP-qualifying assets cannot go bust. Under this setup, the money supply expands infinitely at some point, resulting in price appreciation for outside money assets such as Bitcoin.
While Hayes dismissed the idea of Bitcoin hitting $1 million in 90 days, he believes that Bitcoin can achieve this milestone in the next two to three years. This prediction is consistent with the view of many cryptocurrency experts who believe that Bitcoin’s price will continue to rise in the long term.
Hayes’ views on Bitcoin’s future are essential, given his background in the cryptocurrency industry. As the former CEO of BitMEX, a leading cryptocurrency derivatives exchange, Hayes has extensive knowledge of the cryptocurrency market and its workings.
In conclusion, Arthur Hayes believes that Bitcoin can reach $1 million during this cycle, but not in 90 days. He explained that Bitcoin’s outside money status is advantageous over inside money and will result in price appreciation in the long term. While his prediction is just one among many, it is essential to consider his insights as a former CEO of a major cryptocurrency exchange.
Source: https://azcoinnews.com/bitmex-founder-arthur-hayes-predicts-bitcoin-to-reach-1-million-within-2-3-years-dismisses-90-day-timeline.html
Thank you for the information, I was greatly helped thanks to your writing, because I also believe and see the development of bitcoint that it will be difficult to reach that value within 90 days, it takes more time to reach its highest value, and bitcoint will continue to increase in value from time to time with the economic situation and market demand continues to increase, that's clear.
March 23, 2023, 09:51:02 AM
Such comments are like (I say statements, therefore I am present), it is just a media hype to be hosted on one of the channels and ask him why you think the price of bitcoin will rise, including a lot of nonsense to prove that point of view.
It is difficult for us to reach the price of $100,000 over the next three years, let alone half a million to a million.
His words would be logical if he said in the next 20 years or 30 years, but the basis of this statement is to create an uproar.
It is difficult for us to reach the price of $100,000 over the next three years, let alone half a million to a million.
His words would be logical if he said in the next 20 years or 30 years, but the basis of this statement is to create an uproar.
March 23, 2023, 09:26:53 AM
Within 2 - 3 years, it is nothing compares to in 90 days which is a bet from Former Coinbase CTO.
Former Coinbase CTO Places $2 Million Bet That Bitcoin Will Hit $1 Million In 90 Days
I did not know where he placed his bet? Or he just bet with his mouth and words.
Don't believe them as they won't lose anything with their mouths and words except their reputation but you will lose your money if you believe in them.
I don't think this can that true because why would a person bet with that kind of huge amount of money to make a bet on Bitcoin. The cryptocurrency market is down now and we are not even sure what will happen next whether the price of Bitcoin will go down more or continue going up. Former Coinbase CTO Places $2 Million Bet That Bitcoin Will Hit $1 Million In 90 Days
I did not know where he placed his bet? Or he just bet with his mouth and words.
Don't believe them as they won't lose anything with their mouths and words except their reputation but you will lose your money if you believe in them.
The market is going to reach that level where everyone of us that are investors would be happy for the market bullish movement but the problem is that we don't even know when this is going to happen. Maybe he's just want to be on the headline news for placing a bet on Bitcoin to reach $1 million.
March 23, 2023, 08:53:38 AM
There will come a time when bitcoin will reach a million dollars, but it's never going to happen in the next bull market. If you are a crypto trader and know how to study prices through charts, you know that this price in a few years is impossible; bitcoin's last high was 60,000+ and in the next bull market, I think we can easily break through 100,000$ or even more, and people are using and tweeting about one million dollars per Bitcoin on purpose. In the hope that some investors who are not familiar with price action will FOMO in and keep holding while they should be selling, they want to create hype and make-believe. If you believe this, it's your fault.
March 23, 2023, 07:22:18 AM
That is more whishful thinking on his part rather than anything else as I simply dont see Bitcoin making x40 in the next 2-3 years and i dont think that he really thinks that either but its in his interest to remain bullish.
People should not listen to such predictions and instead just do focusing on acquiring more bitcoin.
People should not listen to such predictions and instead just do focusing on acquiring more bitcoin.
March 23, 2023, 07:13:07 AM
I like how media play with words "believe" and "predict". Hayes only believe that it is possible for Bitcoin to reach such huge value, but the media has quickly converted that into prediction, like Hayes is some kind of financial analytics and started hype. That "within 2-3 years" is also raise doubts. That means that banks and huge part of financial sector must fail, to help Bitcoin to grow in value 37 times. I think government/governments will try to save banks and economy from fall. It will take many years for Bitcoin to reach one million.
P.S. I believe that one day I will become rich, I dream of becoming rich, but that does not mean I predict that one day I will become rich
P.S. I believe that one day I will become rich, I dream of becoming rich, but that does not mean I predict that one day I will become rich
March 23, 2023, 06:34:15 AM
I think bitcoin could eventually reach $1 million, but I don't think it's going to be 90 days or 2-3 years. I rather assume that it will take longer. After all, bitcoin has not even reached a price of $100k and that has to be reached first. In my opinion we can only expect a price of $1 million in 8-10 years if everything goes on as before. Sure, it would be nice if it were sooner, but don't count on it.
March 23, 2023, 06:03:19 AM
It’s certainly possible to reach $1,000,000 in 2-3 years but it would take a disastrous depression and probable collapse of fiat currencies. I think what’s far more likely is $200,000 give or take $50,000 in either direction. I think we will definitely see in that price range 12-18 months or so after the next halving.
March 23, 2023, 05:57:40 AM
Just when you thought people had beaten the 1-million dollar dead horse to smithereens, another dude comes out of the woodwork -- from the McAfee era too.
Not that I don't like/dislike the guy, just thought he'd be happy he's escaped quite a lot of the storm with reasonable comfort.
I'd love for a million dollar Bitcoin sure, but yeah as said above. The more people come out and say it, the less likely it's happening. Not in this 2/3 years anyway. Maybe let's revisit 100k first?
Not that I don't like/dislike the guy, just thought he'd be happy he's escaped quite a lot of the storm with reasonable comfort.
I'd love for a million dollar Bitcoin sure, but yeah as said above. The more people come out and say it, the less likely it's happening. Not in this 2/3 years anyway. Maybe let's revisit 100k first?
March 23, 2023, 04:35:43 AM
When people go left, the right way is the RIGHT, since BitMEX Founder isn't the only one talking about 1 Million per Bitcoin, brothers, and sisters, it's never going to come true, this reminds me of the 100k Bitcoin in 2020, almost everyone was saying that Bitcoin is going to 100k, this got into some peoples head and they held to their BTC and failed to take profit, unless Bitcoin lost its steam in January of 2022..
Avoid following the crowd, follow a different path, believe in yourself.
Avoid following the crowd, follow a different path, believe in yourself.
March 23, 2023, 04:08:10 AM
Whether it's a known name that is predicting that bitcoin will reach $1M, it is for sure that it will happen but it's only a matter of time. But why is it that I'm feeling that these predictions are coming out when the bull run is being shown as a sign that we'll be there anytime soon?
The only guy that I've seen that's very consistent in predicting the market bullish no matter what the situation of the market is was Tim Draper. Bull or bear markets, he's predicting bitcoin to reach certain highs but yeah, accuracy was the problem of his predictions. But as what they're saying with the future price of bitcoin, the prices that he's given will also surely gonna be hit someday.
The only guy that I've seen that's very consistent in predicting the market bullish no matter what the situation of the market is was Tim Draper. Bull or bear markets, he's predicting bitcoin to reach certain highs but yeah, accuracy was the problem of his predictions. But as what they're saying with the future price of bitcoin, the prices that he's given will also surely gonna be hit someday.
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