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.

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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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.