BitMEX co-founder Arthur Hayes, Bitcoin $94,343.8He argued that it could gain significant value in the next few years and reach seven-digit figures. In an interview with Tom Bilyeu, one of the founders of the Impact Theory program, Hayes stated that Bitcoin could increase by over 950% from its current value in three to five years.
Bitcoin’s Limited Supply and Store of Value Potential
Hayes stated that the fact that Bitcoin has a fixed supply and only 21 million units will be produced in total will help it maintain its value in the long term. Hayes predicts that large institutions such as BlackRock and MicroStrategy, as well as individual investors, will increase their interest in Bitcoin.
Increase in Global Money Supply and Demand for Bitcoin
Hayes stated that governments will continue to increase the money supply, which will increase demand for Bitcoin as an anti-inflationary measure. “The supply of Bitcoin is fixed. Why would it make sense to sell Bitcoin for fiat currency?” Hayes said that as the value of Bitcoin increases, the number of people who want to sell it will decrease.
Corporate Adoption and Trade Finance Tools
Hayes said Bitcoin adoption through ETFs and other corporate finance vehicles will increase, which will take Bitcoin supply out of the market, increasing its value. He emphasized that such adoption could cause an exponential increase in Bitcoin’s marginal price.
“As the price rises, fewer people want to sell Bitcoin, and if institutional adoption continues, the price of Bitcoin could very easily rise exponentially,” Hayes said.
Hayes also predicts that retail investors will flock to the market and invest some of their retirement funds in Bitcoin, which will provide a protection against inflation. He states that money printing will continue to accelerate in the four largest countries and economic blocs around the world.
The current trading price of Bitcoin is reportedly $94,403 and has increased by 2% in the last 24 hours.
These comments by BitMEX co-founder Arthur Hayes regarding Bitcoin created both interest and debate among investors. There are different views on the future value of Bitcoin, and the volatility of market dynamics remains an important factor for investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
