Key Takeaways
- Arthur Hayes credits Bitcoin's rise to global monetary policies.
- He predicts Bitcoin's long-term price could hit $586,500.
- Hayes advises caution to young investors in volatile markets.
Former BitMEX CEO Arthur Hayes attributed Bitcoin’s remarkable rise to global monetary policies and inflationary fiscal policies during a Sept. 30 interview with The Big Whale. He argued that Bitcoin’s success is driven by political instability and ongoing monetary expansion, rather than regulatory clarity.
Hayes emphasized that the more governments print money to address economic challenges, the more capital is funneled into Bitcoin. He predicted that US interest rates could drop below 2% by 2025, further contributing to Bitcoin’s growth.
Hayes said:
As we print more money to solve problems of particular countries, at some point, people come to blows.
He maintained his bullish stance, projecting Bitcoin’s long-term price could reach $586,500, positioning it as a hedge against inflation and currency devaluation. Hayes believes that monetary policies play a more crucial role than regulatory developments in Bitcoin’s future growth.
While optimistic about the future, Hayes urged younger investors to be cautious with leveraged positions amid the volatile market. He also expressed interest in blockchain innovations related to artificial intelligence, anticipating that these projects will play a significant role in the next phase of growth.
Hayes predicts the ongoing bull market will extend through 2026 or 2027, barring major geopolitical disruptions.
