The price of Bitcoin will rise to $750,000 by 2026, predicts Arthur Hayes Cryptocurrency scrgruppen
BitMEX co-founder and macro analyst Arthur Hayes recently predicted that the price of Bitcoin will rise between $750,000 and $1,000,000 per coin within approximately 3 years.
His forecasts, which were much more optimistic than those of most analysts, were based on the macroeconomic assumption that all financial assets were set to witness an unprecedented boom.
The biggest bull market ever
in interview Publishing the impact theory on Tuesday, Hayes claimed that Bitcoin will continue to trade sideways near $25,000 to $30,000 this year, before rising beyond its previous high of $69,000 by the end of 2024.
Next year’s gains will be boosted by a growing economy that makes real interest rates negative, motivating investors to continue searching for yield in riskier areas of the economy, such as cryptocurrencies.
Other bullish factors include the upcoming Bitcoin halving event in April, and the potential launch of more Bitcoin exchange-traded funds by major asset managers – including US-based BlackRock.
According to Hayes, that’s when “the real fun” begins.
“My upside target is the $750,000 to $1,000,000 level, in the 2026 time frame,” the analyst said. “I believe this will be the biggest bull market for financial assets that we have ever seen in human history.”
And his predictions don’t just apply to Bitcoin: the Nasdaq, S&P 500, other stock indexes, and various forms of real estate will also soar to the moon. “We will have a lot of ridiculous prices, and not just in cryptocurrencies,” he said.
Investment boom in artificial intelligence
Hayes also predicted that governments would print more money than in human history to control the yield curve so that the global bond market would not collapse. This money printing will be combined with the latest wave of hype around artificial intelligence (AI) to create “the biggest tech boom mania we have ever seen.”
Hayes, an advocate for both AI and cryptocurrencies, has previously written articles arguing that AI will choose Bitcoin as its native currency, due to its need for decentralized money to conduct its daily operations.
Hayes plans to deploy more capital into both sectors once the Federal Reserve adopts a policy of lowering interest rates.
“I’m not trying to pinpoint when that will happen,” he said. “They will be very clear about what they are doing, the question is whether you believe them or not.”
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