bitcoin-usd/”>BITCOIN ABOUT TO BLAST OFF TO $1 MILLION?
Oh, great, because we all needed more crypto hype in our lives. Arthur Hayes, co-founder of BitMEX, is predicting a Bitcoin price explosion fueled by “stealth printing” by global central banks. Because, you know, they’re just quietly printing money like it’s going out of style.
Bitcoin’s 4-Year Cycle Is So Last Season
Hayes says the old four-year “halving cycle” framework is so over, because Bitcoin is now a “bona fide asset class” and everyone’s responding to it. I mean, who needs mining profitability cycles when you have mainstream financial consciousness?
According to Hayes, instead of focusing on halving events, we should be tracking how many dollars, euros, yen, and yuan are being created or destroyed by central banks. Because, clearly, that’s the real driver of Bitcoin’s price. Not, say, supply and demand or anything.
The Bottom Is (Probably) In, Folks!
Hayes thinks the worst of Bitcoin’s recent downturn is behind us, and we’re probably looking at a key floor at around 76,000. But, you know, don’t hold your breath, because the market could still retest lows. Or, you know, not.
For Hayes, it’s all about recognizing a turning point in monetary policy. Once the Fed and other central banks signal they’re done tightening, Bitcoin will climb. And, you know, maybe even reach $1 million. Or not. Who knows?
And, of course, Hayes has a clever way of dismissing the idea that looming crypto regulations could stifle Bitcoin’s trajectory: “Crypto regulation doesn’t matter. Bitcoin doesn’t need anyone’s permission.” Because, you know, it’s a decentralized, permissionless design that’s totally immune to regulation. Yeah, right.
In conclusion, Hayes is predicting a Bitcoin price explosion fueled by global liquidity conditions. And, you know, maybe even a $1 million price tag. But, hey, don’t quote me on that. I’m just a humble writer, not a crypto expert. 🤷♀️
At press time, BTC traded at $85,765. But, you know, that’s probably just a temporary blip on the radar of history.
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2025-03-28 11:13