Arthur Hayes, the co-founder of BitMEX, has made a bold prediction for the future of Bitcoin, asserting that the Federal Reserve’s potential return to money printing could send the leading cryptocurrency on a soaring trajectory. Hayes points to a phenomenon known as the “bear steepener” as a red flag in the bond market, which could force the Fed’s hand in bolstering the US economy. He believes this could reignite the crypto bull market and anticipates that by 2026, Bitcoin could reach a staggering value ranging between $750,000 to $1 million. Hayes also predicts that by the end of 2024, Bitcoin could command a price of around $70,000, which is rooted in the anticipation of the next crypto halving event. His insights into the interplay between the Federal Reserve’s potential monetary policy shifts, bond market dynamics, and Bitcoin’s future value offer a unique perspective on the cryptocurrency’s trajectory. The current price of Bitcoin stands at $27,699, with a 24-hour gain of 1.1% and a seven-day increase of 4.8%.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Arthur Hayes, CryptoHayes |
| Companies | BitMEX, Federal Reserve, CoinGecko, None, TradingView.com |
| Currencies | BitMEX, US Dollar, Ethereum, Bitcoin, unFederalReserve |
| Securities | None |
