BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026 - page 3.

philipma1957

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Quote from: taufik123 on October 05, 2023, 09:19:39 AM

Again and again, very bullish predictions are aimed at bitcoin.
Previously Michael Saylor predicted Bitcoin would reach a price of $5 million
https://twitter.com/bitcoinlfgo/status/1700981076389413281

This time Former BitMEX CEO Arthur Hayes also explained his prediction

He even said Bitcoin in 2026 will reach a value of $750,000 to $1 million, this is a fantastic figure, considering that currently, Bitcoin is still at a price of $27k-$28k.

The main reason is because he anticipates a financial crisis that could cause interest rates to drop to zero, or a scenario where interest rates increase, but not as fast as the level of government spending. In such a situation, Hayes argues that Bitcoin could be worth around $70,000 by the end of 2024, partly driven by a crypto-halving event.

He also foresees the launch of various exchange-traded funds by major asset managers in the US, Europe, and possibly Hong Kong.
Hayes explains, "That's when the real bull market starts."

Is this a sign of the rise of Bitcoin?
so many predict Bitcoin to reach a fantastic price in the next few years.

Source:
https://bitcoinmagazine.com/culture/bitmex-founder-750k-to-1-million-bitcoin-price-by-2026
https://twitter.com/BitcoinMagazine/status/1709886903338549499

well when btc dropped under 10 dollars right after the first ½ say sometime in dec of 2012. I would never believe 9 to 1200 in 11 months.

about 130x

to go to 1,000,000 in 2 years would be 38x

Husires

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Since 2021, I have no longer taken these predictions seriously because they are statements that people circulate due to their strangeness, but they are not based on any logical basis, mathematical analysis, technical analysis or prediction of price movement. They are just statements that appear first because they are controversial, just as many people do by saying strange opinions to stir up controversy and get people talking about them.

If we reach the price of 200 thousand, it will be a miracle, not a million.

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Quote from: Jating on October 06, 2023, 11:58:35 AM

Quote from: livingfree on October 05, 2023, 03:53:13 PM

With parabolic movement of Bitcoin, everything is possible.

Yes, but we all know that bitcoin price movement is not going to be parabolic, it can only happen during bull run. Just like in the beginning when no one thought that we can buy a lot of bitcoin for $1.00 in 2009.

And that's what everyone is waiting on, for the parabolic movement during the bull run.

Quote from: Jating on October 06, 2023, 11:58:35 AM

Quote from: livingfree on October 05, 2023, 03:53:13 PM

I am not against to the positive and high predictions and everyone is entitled for that. But when these times are coming, what I have noticed are these all bullish predictions.

It's like that whenever these come, isn't it scary when everyone is happy and taking these predictions that much? I am for it and has always been bullish but you know when there are bloods in the streets and about everyone being happy and greedy, right?

I've got my own prediction as well but not that too early but more likely after the 2nd halving on 2028 and up.

Sometimes we need this kind of predictions though, I mean we should stay and be positive and let it attract some positive vibes. However, we should still be realistic that it might take some years to see this kind of big price for us.

I mean we even haven't hit our first target of $100k in the supposedly bull run that is coming our way for the next two years. So it's really hard to digest this kind of price prediction as early as 2023, just saying.

That's okay, it's up to you if you're going to digest all of these high predictions because you'll never know if it's the one that you're waiting for or optimistic with.

But I agree about being realistic but who knows if this second thought that everyone is having about that price for a short period of time will come into reality.

No one really knows what will happen in the future and this is why we're rounded with speculations and predictions.

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Quote from: taufik123 on October 05, 2023, 09:19:39 AM

Is this a sign of the rise of Bitcoin?
so many predict Bitcoin to reach a fantastic price in the next few years.

It’s good that most people see great feature in Bitcoin especially in the high value price which they are predicting for it, personally I think Bitcoin is currently devalued compared to what it could have worth base on it’s use case and how many people have adopted it as there daily usage currency.

But the price which it has been predicted to reach I will say it’s not over rated but it will be hard to achieve considering the time frame here, we know when it crosses the 60+ everyone was least expecting it, but a $700,000+ - a million dollar is a whole lot of money all together which will be hard to meet in a period of 1-2 years, not saying it’s not possible but the chances are really small here unless the world economy is being hit by a global recession which can devalue local currency and the million dollar will be less in value and purchasing power decreased compared to what it is now.

Captain Corporate

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I mean when you say something like 2026, it almost guarantees that nobody will remember you saying this, so if you are wrong then you are not going to mention it and not many people will remind you of this neither, but if you are right then you have the chance to keep reminding everyone how you were right. I can't say that he is absolutely wrong, but the most likely outcome would be not achieving that much, obviously as founder of BitMex he wants people to keep buying, that means fee's paid to him so he wants more volatility and more volume and he will want people to be active, but that just means he is biased against the price. I would guess breaking over 100k should be our goalpost for the time being, lets do that first and we can check the rest.

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Quote from: fzkto on October 06, 2023, 10:54:19 AM

It seems more like science fiction to me too, especially since this prediction is for the next few years. But bitcoin has surprised absolutely all people repeatedly, so why not. Although I also think that after the upcoming halving the price will be around 100-120k.

Predicting or speculating bitcoin price around $1 million seems as fiction for me comparison with current Bitcoin price under $27k, not easily raise above $100k and how possibility with bitcoin will reach $1 million depend on not any impossible yet with cryptocurrency. But have be realistic with bitcoin price predicting depend on when raise higher price always correction moment are waiting for, need more longer time although upcoming halving time can't guarantee for bitcoin raise above $100k.

Seems realistic prediction with bitcoin price raise or make new all time high above $70k, I don't think have huge expectation with bitcoin will up drastically in short time or few years later.

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Hayes is known for some bad predictions. He was even featured in an article about the worst bitcoin predictions ever, next to McAfee and Tom Lee. You can google it with ease.

Most of these people throw prices around to gain publicity and it works because as you can see news sites publish articles about it and we discuss it on the forum.
If this was someone credible with a lot of past experience, but this is an exchange owner who AFAIK had one good prediction in his life somewhere in 2019 when he said that bitcoin will climb up to 10k and then above it. Many people predicted a bull market to start in 2020 so this wasn't one of those unexpected predictions that allowed a few believers to make money.

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Quote from: livingfree on October 05, 2023, 03:53:13 PM

With parabolic movement of Bitcoin, everything is possible.

Yes, but we all know that bitcoin price movement is not going to be parabolic, it can only happen during bull run. Just like in the beginning when no one thought that we can buy a lot of bitcoin for $1.00 in 2009.

Quote from: livingfree on October 05, 2023, 03:53:13 PM

I am not against to the positive and high predictions and everyone is entitled for that. But when these times are coming, what I have noticed are these all bullish predictions.

It's like that whenever these come, isn't it scary when everyone is happy and taking these predictions that much? I am for it and has always been bullish but you know when there are bloods in the streets and about everyone being happy and greedy, right?

I've got my own prediction as well but not that too early but more likely after the 2nd halving on 2028 and up.

Sometimes we need this kind of predictions though, I mean we should stay and be positive and let it attract some positive vibes. However, we should still be realistic that it might take some years to see this kind of big price for us.

I mean we even haven't hit our first target of $100k in the supposedly bull run that is coming our way for the next two years. So it's really hard to digest this kind of price prediction as early as 2023, just saying.

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Anything could happen with Bitcoin. It has a limited and fixed supply, so the price could grow depending on demand. A $1 million price target is still realistic, considering that in the past, people couldn't imagine Bitcoin going from $1 to $10,000, but it happened. So, I wouldn't question that prediction, especially when more people are bullish about Bitcoin's future.

What we need now is to drive a bullish market. Although there have been some minor runs, we still cannot confirm if we are already in a bullish period. Perhaps after the halving occurs, since it's usually a driving factor for a bullish market.

Achieving $1 million in less than 2 years would be awesome. I hope we won't be tempted to sell when it reaches half of that price.

fzkto

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Quote from: salad daging on October 05, 2023, 09:54:16 AM

Don't know if this will be the rise of bitcoin after halving, because there has been so much speculation with fantastic numbers no wonder they are so confident with that number but we as retail investors are quite realistic with the number $100K - $150K. Maybe they are trying to create FOMO from now on to make the upcoming bullish?

The speculation about the future price of bitcoin that I have seen ($5M - $1M - $500K - $100K) there is nothing wrong with that prediction but when an exchange leader says it then it makes the news and is broadcasted.

Who wouldn't be happy with $750K in 2026? But I doubt it will happen.

It seems more like science fiction to me too, especially since this prediction is for the next few years. But bitcoin has surprised absolutely all people repeatedly, so why not. Although I also think that after the upcoming halving the price will be around 100-120k.

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Quote from: Baofeng on October 05, 2023, 03:49:32 PM

So we will see, 2026 though might be a bear market year? Because if we look at the pattern 2024-2025 will be the bull run, so the next after that we might see a decline i price. Nevertheless this is just a prediction so we really don't know if this is going to be a hit or miss.

It is still very difficult to predict whether this year is really bearish like the previous cycles or there is something different where prices are still high?
Because the bitcoin cycle - Halving > Bullish > Bearish, this is just a prediction, sometimes it will be different from the previous cycle because of some other factors and forces that make the price stronger.

My optimism is a little small that is expected in this wild guess although this is very likely to happen in a few years time, but I will see how bitcoin adoption is greater maybe it is a little effect where bitcoin will not have another bearish decline after halving, but I think it is unlikely. Cheesy

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Quote from: taufik123 on October 05, 2023, 09:19:39 AM

Is this a sign of the rise of Bitcoin?
so many predict Bitcoin to reach a fantastic price in the next few years.

Source:
https://bitcoinmagazine.com/culture/bitmex-founder-750k-to-1-million-bitcoin-price-by-2026
https://twitter.com/BitcoinMagazine/status/1709886903338549499

Im already that numb when it comes to these predictions on which they could say all the numbers that they do want but im not really that making myself that believing that it could really happen.
Lets stick into that realistic side of things that we do even have a hard time on breaking 30k. How much more into that previous ATH that it does have which is $69k. Lets talk about $100k first
before speaking about +100k increments overtime. Well, everything could really happen considering that there are still tons of various source of money could flow to crypto. It is really just that there's no way that it could really be known or predicted on when it would really be that going down the stream.

$100k is already a struggle is should say but well we are still on pre-halving season or time on which there's still lots of room for the price to rise up.It is really just that recommended or right on investors or traders perspective that we should really be having that realistic approach at least so that we arent that anticipating that much about into those numbers been mentioned. Lastly, it seems like those fellas
had already filled up their bags and now trying out to make some bullish sentiment and just trying to drive the market up.

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Quote from: o48o on October 05, 2023, 04:23:44 PM

Quote from: taufik123 on October 05, 2023, 09:19:39 AM

-snip-

Michael Saylor has been truly drinking all the kool-aid there was. I wish i had that optimism. But when you are largest whale, i guess it would be stupid for your bags to set low estimates.

Saylor had to do it - it was part of his way of maintaining his optimism and motivation to hold onto bitcoin and continue accumulating it. I don't know - I don't think it's unusual for it to hit $5M, but I'm sure it won't be hit without major support like the approval of spot bitcoin ETFs and the halving.

I agree that $1 million and $5 million is not an impossible price for bitcoin in the future - but I believe that bitcoin will need major support to reach that price. But I wonder if anyone would still have the guts to buy $5M worth of bitcoin that times and their hold for long term - maybe Saylor?

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Quote from: taufik123 on October 05, 2023, 09:19:39 AM

Again and again, very bullish predictions are aimed at bitcoin.
Previously Michael Saylor predicted Bitcoin would reach a price of $5 million
https://twitter.com/bitcoinlfgo/status/1700981076389413281

Michael Saylor has been truly drinking all the kool-aid there was. I wish i had that optimism. But when you are largest whale, i guess it would be stupid for your bags to set low estimates.

Quote from: taufik123 on October 05, 2023, 09:19:39 AM

-cut-
He also foresees the launch of various exchange-traded funds by major asset managers in the US, Europe, and possibly Hong Kong.
Hayes explains, "That's when the real bull market starts."
-cut-

I sort of agree with this, but major asset managers most likely won't be holding any bitcoins themselves in any actual wallets.
They most likely trade syntethics in some of their legit exchanges.

goaldigger

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This is very bullish and I wonder how the whales behave during this level because for sure, they will take profit most of the time and we will be down again. Well, I’m hoping for this level to happen since everyone of us here believe in the future of Bitcoin its just that its too good to be true. If you have Bitcoin holdings better to predict more realistic and hold onto that price prediction until it happen.

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That guy was drunk most probably when he predicted that Bitcoin could reach $1 million by 2026. Although, it's not impossible for Bitcoin to reach $1 million value but 2026 is too early for it to reach that price mark. I can safely say that Bitcoin may reach $1 million mark after 2030 but not earlier than that. I'm also a Bitcoin supporter and I believe that it will grow in value without any doubt but trusting such claims is some kind of stupidity. What I believe is that Bitcoin may reach $100k or above in value in 2026 but it will has to face another bear market which might make its price to dump once again.

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With parabolic movement of Bitcoin, everything is possible.

I am not against to the positive and high predictions and everyone is entitled for that. But when these times are coming, what I have noticed are these all bullish predictions.

It's like that whenever these come, isn't it scary when everyone is happy and taking these predictions that much? I am for it and has always been bullish but you know when there are bloods in the streets and about everyone being happy and greedy, right?

I've got my own prediction as well but not that too early but more likely after the 2nd halving on 2028 and up.

Baofeng

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Yeah, just like when we have a lot of predictions as well when we approach bear market, similar to what we are hearing and seeing from different personalities that is involved in bitcoin. Specially those who have been very early, and so others might view their prediction as somewhat has some weight, although everyone here can make his/her own wild but educated guess.

So we will see, 2026 though might be a bear market year? Because if we look at the pattern 2024-2025 will be the bull run, so the next after that we might see a decline i price. Nevertheless this is just a prediction so we really don't know if this is going to be a hit or miss.

ShowOff

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I can't be at all sure that either of those two predictions will come true in just 3 years from now. It may seem difficult, but anything is possible. Many predictors or speculators out there believe in the great potential of bitcoin in 2024,2025 and 2026, but we still cannot be sure of anything because we do not know the future.

The price of bitcoin could reach $750k or $1m if bitcoin can print 3x the price of the previous ATH in the next bullish cycle. That's probably one of my considerations about hitting $1m in the next 3 years, but right now that's too bullish to say.

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I think it was also Micheal Saylor who predicted BTC to be $100k by 2020 bull run, we know how it goes. This time I think we can already assume he meant this priection will be in the next 5 halving. New investors in crypto should just be watching the chart by the time the bull market is at its peak because it may also be quick when it goes down and not expect too much to reach $200k.

This prediction is for the new investors who will patiently wait for $1M while BitMEX founder is busy dumping.

Topic: BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026 - page 3. (Read 564 times)