Global Economic Shifts Could Propel Bitcoin to $1 Million, Says BitMEX Founder

Arthur Hayes, co-founder of BitMEX, predicts that significant global economic changes will result in a massive increase in the global money supply, which will push the value of Bitcoin and other cryptocurrencies to new heights.

In a recent interview, Hayes explained that to achieve the goal of making the U.S. a manufacturing leader, the country will likely need to inject trillions of dollars into its economy, competing directly with China. He believes that this strategy will be mirrored by other global powers.

Hayes highlighted how China, for instance, must boost its domestic markets—especially property—and restore consumer confidence, requiring a surge in the supply of yuan.

Meanwhile, Europe faces its own challenges, with plans to transition to green energy and secure economic stability without relying on Russian energy or Chinese goods, necessitating more money printing.

According to Hayes, these pressures will force nations worldwide to expand their monetary supply in ways that will drive up the value of assets like Bitcoin.

As governments struggle to balance growth with debt, he anticipates that this shift could push Bitcoin’s price to a staggering $1 million, with $250,000 seen as an early milestone.