Arthur Hayes Predicts Bitcoin’s Rocketing Rise by 2027 – Here is One Key Catalyst That Could Spark The Surge
Arthur Hayes, the founder of BitMEX, recently highlighted the impact of expansive money printing on Bitcoin's recent surge.
In a conversation with Laura Shin on the Unchained podcast, Hayes noted the curious trend of global banks appearing accommodating toward Bitcoin despite officially pursuing a tight monetary policy with higher rates.
He pointed out Bitcoin’s positive reaction since the FTX incident in November, marking a notable surge from $16,000 to $45,000.
Despite claims of restrained money printing, Hayes suggested that actual money inflows into the banking system and interest payments on government debts are notably stimulative, a sentiment echoed by Bitcoin’s behavior.
Predicting a potential new bull market for BTC, Hayes hinted at a possible peak, a ‘blow-off top,’ anticipated sometime before 2027. He anticipated a choppy period in 2024 as an accumulation phase preceding the projected surge between 2025 and 2027.
READ MORE: Bitcoin: Unveiling the Resilient Market Dynamics
As the Chief Investment Officer of Maelstrom, Hayes emphasized the bullish impact of Federal Reserve rate cut hints on Bitcoin and cryptocurrencies.
He expressed a strong stance on being long on crypto assets, emphasizing the devaluation of fiat currency and suggesting a potential future value of BTC at $1 million.
Currently, Bitcoin is trading at $42,131.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
