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).

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.

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.

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.

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.

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.

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
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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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

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. 

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.

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?

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.

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.

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