Former CEO of the BitMEX crypto exchange Arthur Hayes, in an interview with Tom Bilyew, said that by 2026 the price of the first cryptocurrency will reach a level of $750,000 to $1 million.
He justified his forecast:
- limited issue of an asset;
- the prospect of approval of spot Bitcoin ETFs;
- geopolitical uncertainty.
“I think this will be the biggest boom in financial markets in human history. Bitcoin will skyrocket to absurd levels, the Nasdaq will skyrocket to absurd levels, the S&P 500 will skyrocket to absurd levels,” Hayes said.
According to the analyst, digital gold prices could reach $70,000 next year.
In May 2023, Hayes ruled out a renewal of Bitcoin’s all-time high before the end of the year, but allowed a new rally for the asset in 2024.
Let us recall that in September he noted that the first cryptocurrency has been in a bullish trend since March and will realize new momentum over the next 6-12 months.
The expert is convinced that the growing phase started after the launch Fed banking sector stabilization program in the amount of $25 billion in light of the “rescue” of Silicon Valley Bank.
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