The former CEO of crypto exchange BitMEX said that Bitcoin will reach $1 million thanks to a “global increase in the money supply.”

Arthur Hayes (Arthur Hayes) believes that the desire of states to maintain economic growth will force them to increasingly print money. This will lead to the depreciation of fiat currencies and an increase in the value of digital assets.

The total capitalization of the crypto market has increased over the past 18 months, and global changes in the global financial system will soon occur, a seasoned investor announced.

According to him, the current bullish trend in the market could continue until 2027, and this period will be a time of consistent growth for both Bitcoin and the crypto industry as a whole.

The resistance of the “bureaucratic elites” will only strengthen the position of digital coins, and, despite the fall in prices of many altcoins, they will become a key tool for protecting against inflation, the businessman believes.

Earlier, Arthur Hayes said that on the day of the inauguration of US President-elect Donald Trump, the digital asset market expects a “terrible collapse.”