BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026 - page 4.

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Quote from: Faisal2202 on October 05, 2023, 12:22:39 PM

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

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.

Wait what!! he thinks BTC can reach $70k by the end of 2024 and $750,000 to $1 million by 2026. I mean, we all become a little sensitive when we spend a lot of time analyzing the market and economic events. And ideas/predictions come to our mind and sometimes those predictions are so unrealistic that, a normal person (like me) can see them coming.

It's not going to happen very soon. And we might not see BTC at 1 million dollars maybe till 2030. I mean, I know the US is facing problems with interest rates, and ETFs have also a good impact. but BTC's price does not only depend solely on the US factors solely and depends on the demand and supply factors mostly.

Well, still, if this happened then I would regret using my BTC for my daily needs but just like laszlo, I have to accept my faith. Wink

Do I think that in the case of a systemic economic crisis at the beginning bitcoin will suffer but then it will do great? I do, however what no one knows is when such crisis will finally get to happen, and while such crises seem to appear out of nowhere, at the same time the economy has resisted despite the huge difficulties we went through the pandemic, so I am not so sure that such a collapse of the economy could appear so soon.

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

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.

I do not think it is right to make such high price predictions. Famous people who make predictions must base their predictions on logical reasons. Everything has a stage and a path to go through. Maybe this price will be realized in the coming years, but for me it is more important through which stages it will reach this price.

Will Bitcoin be available worldwide? Will states legally accept Bitcoin? I think these phases are more important than the Bitcoin price.

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

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.

Wait what!! he thinks BTC can reach $70k by the end of 2024 and $750,000 to $1 million by 2026. I mean, we all become a little sensitive when we spend a lot of time analyzing the market and economic events. And ideas/predictions come to our mind and sometimes those predictions are so unrealistic that, a normal person (like me) can see them coming.

It's not going to happen very soon. And we might not see BTC at 1 million dollars maybe till 2030. I mean, I know the US is facing problems with interest rates, and ETFs have also a good impact. but BTC's price does not only depend solely on the US factors solely and depends on the demand and supply factors mostly.

Well, still, if this happened then I would regret using my BTC for my daily needs but just like laszlo, I have to accept my faith. Wink

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Quote from: Hamza2424 on October 05, 2023, 09:41:31 AM

-snip-
At that time there were so many positive rumors supporting his speculation as Blackrock's spot EFT application and other initial adoption indications. In short, his speculation got weightage at that time due to positive market sentiments. But I think even 150 + days are gone and there's nothing like that even hinting at the market.
-snip-

That's just speculation and many other different speculations.
Whether it is true or not is only a matter of time.
Speculation without analysis can obviously never be trusted.

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

-snip-
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.
-snip-

There will be many different predictions about what price Bitcoin will reach in the future.
The current price of $100k-$150k is still quite realistic for the upcoming ATH, retail investors still have the opportunity to buy at a low price before it hits $100k and above.

Quote from: Ayers on October 05, 2023, 10:05:08 AM

-snip-
Furthermore, whether these celebrities make predictions about bitcoin or not, bitcoin will still increase in price because it is cyclical and the demand for bitcoin is increasing. Bitcoin price increase is inevitable.

Those who have many followers, are famous, and have great power on social media can only influence through speculation.
As there are many positive speculations being discussed, of course, this is also a good opportunity to start buying Bitcoin.
The ups and downs of Bitcoin prices cannot be avoided because indeed bitcoin price fluctuations run quickly.

But stay alert to the various manipulatives that will occur later.
Don't try to fight the direction without any strength.

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But is there any law or rule that says bitcoin will move exactly according to these people's predictions? I mean, just because market influencers make predictions doesn't mean things will work out as they say. They, like us, are bitcoin investors and they hold even more bitcoin than we do, so I would be more cautious when they try to exaggerate the price for bitcoin. Don't forget that their goal is no different from ours, which is profit, so always be skeptical of what they say. The fact that they are bullish about bitcoin is a good thing because it will attract more people to know and participate in bitcoin but everything has its motive and purpose, so be careful.

Furthermore, whether these celebrities make predictions about bitcoin or not, bitcoin will still increase in price because it is cyclical and the demand for bitcoin is increasing. Bitcoin price increase is inevitable.

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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.

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$1M Bitcoin valuation speculation is not new here.. as far as I know, a couple of months ago a micro/macroeconomist named BalaJii created a thread on the speculation of Bitcoin in 90 days. At that time there were so many positive rumors supporting his speculation as Blackrock's spot EFT application and other initial adoption indications. In short, his speculation got weightage at that time due to positive market sentiments. But I think even 150 + days are gone and there's nothing like that even hinting at the market.

At that time market was looking favorable and now in the current timeline, there are a lot of challenges we can consider but it will require a lot of developments back to back to boost market price to this level.

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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

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