@JeffBrad12. Agreed! In any case, after the Donald Trump has hired Elon Musk as his head of the department of government efficiency or DOGE, I reckon that he should also hire Michael Saylor as head or as a senior adviser for the Trump administration's plan on their bitcoin reserve.
It also appears that Michael Saylor might have created a roadmap already if the Donald wants to accept this.
After spending the past four years adding Bitcoin to MicroStrategy’s reserves and profiting over $15 billion, Michael Saylor is calling on the United States to adopt Bitcoin as a strategic national asset.
He claims this could bolster the dollar, tackle national debt, and unlock trillions in economic value.
“A strategic digital asset policy can empower millions of businesses, drive growth, and create trillions in value,” Saylor said.
Read in full https://www.dlnews.com/articles/markets/michael-saylor-pitches-81-trillion-usd-bitcoin-reserve-plan/
Topic: How $10.5tn in deficit spending will pump Bitcoin to $1m, Arthur Hayes says (Read 91 times)
December 22, 2024, 08:25:16 PM
December 20, 2024, 02:18:32 AM
“As the freely traded supply of Bitcoin dwindles, the most fiat money in history will be chasing a safe haven from not just Americans but Chinese, Japanese, and Western Europe,” Hayes wrote on his blog on Tuesday.
Bitcoin surged to $67,000 on the $4 trillion stimulus package spent during Covid. It was $3,800 at the start of the pandemic ― nearly an 18-fold increase.
Hayes anticipates a similar parabolic surge for Bitcoin if Trump injects $10.5 trillion in stimulus spending to bring the country’s debt back to 2008 levels.
“This is how Bitcoin goes to $1 million,” Hayes wrote.[/i]
Bitcoin surged to $67,000 on the $4 trillion stimulus package spent during Covid. It was $3,800 at the start of the pandemic ― nearly an 18-fold increase.
Hayes anticipates a similar parabolic surge for Bitcoin if Trump injects $10.5 trillion in stimulus spending to bring the country’s debt back to 2008 levels.
“This is how Bitcoin goes to $1 million,” Hayes wrote.[/i]
this will happen once the US create strategic bitcoin reserve, the other countries like to follow the path of the US and this will create massive buying pressure in the market.
been shouting about this since $58k and I still stick to my belief that the day will come when every country will have their own bitcoin strategic reserve, like how they hoarded gold. but bitcoin is better, deflationary and capped supply. basically the better version of gold and the money will chase bitcoin from around the world like arthur hayes said.
bitcoin priced at $1m is not hyperbolic when the circulating supply that's in the market decreases over the course of the year, every institutional investors literally hoarding BTC right now.
December 19, 2024, 11:45:06 PM
This Arthur Hayes is a comedy person. It was only on November where he mentioned that the Donald Trump's policies will pump bitcoin to $1 million dollars. However, on December he is predicting a big dump on out faces with our mouths open because he speculates that the Donald Trump cannot now change the present policies? Why did not speculate on this on November?
Opinions of such people change according to their interests. If he wants to sell, he will give very optimistic opinions to encourage the upward trend of the currency, and vice versa when he wants to buy. I believe that whoever bought has already bought and the selling phase will start with pumping very positive news about $500,000 to $1 million before we see the big correction.I speculate that what has occurred before he declares or writes something on social media is he will buy or sell bitcoin or another cryptocoin beforehand then after he has filled his wallet, he will share his predictions.
On November he bought bitcoin. On December he dumped bitcoin. This is becoming much clear that on January he will begin to buy bitcoin before Trump's inauguration hehehe. This is the man who joked to everyone on 2017 to liquidate the traders in Bitmex, where he was CEO, because he needs a new Ferrari heheheheh.
December 19, 2024, 09:36:01 AM
If Bitcoin could be a zero value ($0) from it peak as at 2009 and has been able to gain gradual values to $100K to date, of course there are every possiblities for Bitcoin to price to catch up $1M.
Besides... highily institutions, governments and individuals are facilitating on holding their values and investing on Bitcoin which muchly will give the market the hedge to such appreciating value of $1M.
What I am only skeptical about there is if this $1M can be achieved within the Donald Trumps era of governance.
So my proposed prediction here is that Bitcoin could hit $1M in the future based on the economy structures of Trumps government on the industry.
This means the facilities Trump has built on Bitcoin would have the pace to get this done as time goes but may not be possible to happen in just 4 years of Trumps active regime.
I believe that bitcoin has the potential of getting to $1M in the future too, but not just in the next 4 years. Even though it won't take the number of years it took bitcoin to get to $100k, before it will get to $1M. Expecting bitcoin to get to $1M in the next 4 years of Donald Trump administration is just too much of an expectation. People shouldn't put much pressure on themselves by setting their expectations too high. But anyone saying that bitcoin won't get to $1M in the future is wasting his time. This $1M might be sounding so big right now and looking unrealistic, but let's remember that there was once a time when $100k was looking like that. People should not time bitcoin, but expect everything from bitcoin. Besides... highily institutions, governments and individuals are facilitating on holding their values and investing on Bitcoin which muchly will give the market the hedge to such appreciating value of $1M.
What I am only skeptical about there is if this $1M can be achieved within the Donald Trumps era of governance.
So my proposed prediction here is that Bitcoin could hit $1M in the future based on the economy structures of Trumps government on the industry.
This means the facilities Trump has built on Bitcoin would have the pace to get this done as time goes but may not be possible to happen in just 4 years of Trumps active regime.
December 19, 2024, 06:08:14 AM
If Bitcoin could be a zero value ($0) from it peak as at 2009 and has been able to gain gradual values to $100K to date, of course there are every possiblities for Bitcoin to price to catch up $1M.
Besides... highily institutions, governments and individuals are facilitating on holding their values and investing on Bitcoin which muchly will give the market the hedge to such appreciating value of $1M.
What I am only skeptical about there is if this $1M can be achieved within the Donald Trumps era of governance.
So my proposed prediction here is that Bitcoin could hit $1M in the future based on the economy structures of Trumps government on the industry.
This means the facilities Trump has built on Bitcoin would have the pace to get this done as time goes but may not be possible to happen in just 4 years of Trumps active regime.
Besides... highily institutions, governments and individuals are facilitating on holding their values and investing on Bitcoin which muchly will give the market the hedge to such appreciating value of $1M.
What I am only skeptical about there is if this $1M can be achieved within the Donald Trumps era of governance.
So my proposed prediction here is that Bitcoin could hit $1M in the future based on the economy structures of Trumps government on the industry.
This means the facilities Trump has built on Bitcoin would have the pace to get this done as time goes but may not be possible to happen in just 4 years of Trumps active regime.
December 19, 2024, 05:35:44 AM
Well that could be the next step though, for now it's US and Trump seeing Bitcoin as a strategic national reserved. But maybe in the future, and it might not be that Trump is sitting as the US President, but the next one that might inject that kind of money in the economy and those wise investor going to invest that to Bitcoin to pushes it to at least in the 7 digit.
But it's not going to happen this bull run though, let's just be at least realistic that it won't reach $1 million. But in the future or maybe in the next 2 halvings, could be some billionaires investing or if there are governments around the world that will inject that kind of money in the market that time.
But it's not going to happen this bull run though, let's just be at least realistic that it won't reach $1 million. But in the future or maybe in the next 2 halvings, could be some billionaires investing or if there are governments around the world that will inject that kind of money in the market that time.
December 19, 2024, 03:55:58 AM
This Arthur Hayes is a comedy person. It was only on November where he mentioned that the Donald Trump's policies will pump bitcoin to $1 million dollars. However, on December he is predicting a big dump on out faces with our mouths open because he speculates that the Donald Trump cannot now change the present policies? Why did not speculate on this on November?
Opinions of such people change according to their interests. If he wants to sell, he will give very optimistic opinions to encourage the upward trend of the currency, and vice versa when he wants to buy. I believe that whoever bought has already bought and the selling phase will start with pumping very positive news about $500,000 to $1 million before we see the big correction. December 19, 2024, 03:13:25 AM
BTC will continue to pump due to the rally and sentiment on the market and because there is nothing to stop that currently.
Sure there are dips here and there, but the trend can be seen and felt now - the correction wasn't there as well because we didn't reach the highest point yet (in my opinion).
About Arthur - as you said, he says one thing today and another - tomorrow.
After all, news is here for us to twist and interpret in different ways.
We need more time to see Trump's term in the perspective.
Sure there are dips here and there, but the trend can be seen and felt now - the correction wasn't there as well because we didn't reach the highest point yet (in my opinion).
About Arthur - as you said, he says one thing today and another - tomorrow.
After all, news is here for us to twist and interpret in different ways.
We need more time to see Trump's term in the perspective.
December 19, 2024, 02:10:03 AM
This Arthur Hayes is a comedy person. It was only on November where he mentioned that the Donald Trump's policies will pump bitcoin to $1 million dollars. However, on December he is predicting a big dump on out faces with our mouths open because he speculates that the Donald Trump cannot now change the present policies? Why did not speculate on this on November?
Also, this is my prediction. Bitcoin will continue to pump because the waiting of these changes in policies will be more bullish than the changes hehehehehe. Similar to buying the rumor and selling the news.
The gap between the crypto market’s high expectations of the upcoming Trump administration and reality will cause a major crypto sell-off upon Trump’s inauguration, former BitMEX CEO Arthur Hayes said in his latest essay.
Hayes, who now manages a family office named Maelstrom, wrote that there are no politically acceptable solutions for Trump to quickly make policy changes widely expected by crypto investors. “The market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th,” Hayes said. “This realization will lead to a vicious sell-off in crypto and other Trump 2.0 equity trades.”
Read in full https://www.theblock.co/post/331348/arthur-hayes-harrowing-dump-trump-crypto
Also, this is my prediction. Bitcoin will continue to pump because the waiting of these changes in policies will be more bullish than the changes hehehehehe. Similar to buying the rumor and selling the news.
The gap between the crypto market’s high expectations of the upcoming Trump administration and reality will cause a major crypto sell-off upon Trump’s inauguration, former BitMEX CEO Arthur Hayes said in his latest essay.
Hayes, who now manages a family office named Maelstrom, wrote that there are no politically acceptable solutions for Trump to quickly make policy changes widely expected by crypto investors. “The market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th,” Hayes said. “This realization will lead to a vicious sell-off in crypto and other Trump 2.0 equity trades.”
Read in full https://www.theblock.co/post/331348/arthur-hayes-harrowing-dump-trump-crypto
November 17, 2024, 01:52:17 AM
This $1 million prediction on the price of bitcoin is very much headshaking from Arthur Hayes, however, I will very much welcome this if bitcoin is on $900k and the community is on the countdown for this occurrence hehehehe.
In any case, what are everyone's arguments on Arthur's prediction? This appears to be very impossible under Trump's administration.
Bitcoin will soar as high as $1 million as US President-elect Donald Trump’s economic policies will create the “most fiat money in history.”
That’s according to BitMEX co-founder Arthur Hayes, who says Bitcoin is poised to outperform other asset classes amid the inevitability of the US spending trillions of dollars to service its debt.
“As the freely traded supply of Bitcoin dwindles, the most fiat money in history will be chasing a safe haven from not just Americans but Chinese, Japanese, and Western Europe,” Hayes wrote on his blog on Tuesday.
Bitcoin surged to $67,000 on the $4 trillion stimulus package spent during Covid. It was $3,800 at the start of the pandemic ― nearly an 18-fold increase.
Hayes anticipates a similar parabolic surge for Bitcoin if Trump injects $10.5 trillion in stimulus spending to bring the country’s debt back to 2008 levels.
“This is how Bitcoin goes to $1 million,” Hayes wrote.
Read in full https://www.dlnews.com/articles/markets/arthur-hayes-bitcoin-to-1m-us-stimulus-injection/
In any case, what are everyone's arguments on Arthur's prediction? This appears to be very impossible under Trump's administration.
Bitcoin will soar as high as $1 million as US President-elect Donald Trump’s economic policies will create the “most fiat money in history.”
That’s according to BitMEX co-founder Arthur Hayes, who says Bitcoin is poised to outperform other asset classes amid the inevitability of the US spending trillions of dollars to service its debt.
“As the freely traded supply of Bitcoin dwindles, the most fiat money in history will be chasing a safe haven from not just Americans but Chinese, Japanese, and Western Europe,” Hayes wrote on his blog on Tuesday.
Bitcoin surged to $67,000 on the $4 trillion stimulus package spent during Covid. It was $3,800 at the start of the pandemic ― nearly an 18-fold increase.
Hayes anticipates a similar parabolic surge for Bitcoin if Trump injects $10.5 trillion in stimulus spending to bring the country’s debt back to 2008 levels.
“This is how Bitcoin goes to $1 million,” Hayes wrote.
Read in full https://www.dlnews.com/articles/markets/arthur-hayes-bitcoin-to-1m-us-stimulus-injection/
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