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

I have faith in the future of bitcoin, the value of bitcoin will be much greater than it is now, that's all I can say.
As for accurately predicting the bitcoin price, I'm sure no one can do it, if anyone says the bitcoin price will hit $1 million in the next 90 days or 3 years, that's bragging. They are just saying what they think or they are trying to gain attention to increasing their influence in the market. There aren't any experts in the market, they're just like us, it's all just predictions.

I don't trust the same guy who was found guilty of various counts for manipulating orders on the Bitmex exchange. This is more like another deluded Mcafee that the Bitcoin community has missed so much, they are not different from the way they all do their predictions, but Bitcoin welcomes everyone, but the smart ones understand the ways of bitcoin better.

If Bitcoin reaches a million dollars today, I will be happy, but I feel that when making these predictions, one must be very logical, you don't just open your mouth and vomit whatever comes to the mind, it must be supported by an explanation, even if it is still a prediction and speculation.

I think Hayes discussed the most likely way forward for Bitcoin after its rapid 30% rally. Hayes did not provide a specific price target for Bitcoin, but he did suggest that Bitcoin's future remains uncertain until it is clear what fueled its recent price hike.

A high hope on Bitcoin hitting $1M pretty soon is so much these days, I don't know what should have triggered such high hopes. The first Twitter I read about this, and perhaps the first person that initiated a theory on it is Balaji Srinivasan. He claimed the coin will reach the target in 90 days, but that's not just possible.

It started when the US banks are having issues and were exposed by FED, and I believe that the apex bank would surely give enough bailout in this regard. So, Bitcoin reaching $1M, well, I don't know, maybe in years.

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 sure with any high predicting about Bitcoin reach $1 million without two or three years later because have got the same predicted about bitcoin reach higher price and at the last bitcoin drop. Realistic bitcoin not always can't reach higher price and some time drop more than unpredictable after last years from $64K become under $20K.

I believe with many speculation about bitcoin will back to higher price, but not guarantee with bitcoin will stable and exist on the top price because many experience after raising to higher price drop and need more than several months until one year recovery before have stable higher price.

Yes, well, we all believe it will reach a million, the question is when, and I don't have to believe this man any more than I believed this one.

John McAfee Will Eat His D**k If Bitcoin Doesn’t Hit $1,000,000 By 2020

In 2021 Dan Held predicted that we would reach half a million this cycle. Then there is another who has made a bet that it will reach one million in three months:


I think it's going to take a lot longer than all these predictions. Half a million within a couple of cycles would be pretty good.

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