Arthur Hayes predicts Bitcoin price will rise to $1 million

Amid news of a bullish rally in the Bitcoin market, former CEO of the BitMEX cryptocurrency exchange Arthur Hayes decided to make his own forecast for the world’s first cryptocurrency.

“This summer I visited my ancestors on Rapa Nui and asked them when is the bull market coming? They told me to be patient and read the words of the Lord,” wrote Arthur Hayes on the social network X (Twitter).

And now, according to Hayes, the time has come. He published his forecast for cryptocurrencies:

“BTC – $1 million, Ether – $100,000,” he wrote.

Hayes recently said that institutional interest in Bitcoin could “presage a situation that we end up not liking.” Hayes also believes that the “hype around Bitcoin ETFs” has nothing to do with the recent 15% increase in the rate. Investors are buying BTC due to “inflation amid wars around the world.”

Source: Cryptocurrency

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