Bitcoin

Impact

Arthur

Conceal

Prominent cryptocurrency advocate, Arthur Hayes, recently voiced his predictions on the future of Bitcoin, global economies, and market behaviors on Impact Theory with Tom Bilyeu. 
According to Hayes, by 2026, Bitcoin’s price could soar between $750,000 to $1 million. 
Hayes paints a picture of a looming financial crisis, which he believes could be more severe than the Great Depression. 
He predicts an unprecedented bull market, impacting stocks, real estate, cryptocurrencies, art, and more. 
 This surge, he claims, is a result of the U.S. government’s habitual response to economic crises: bailing out, leading to structural issues in the economy. 
By continuously resorting to central bank printing, inflation surges and natural market growth-correction cycles are stifled. 
“Government interventions, in attempts to save the system, erode parts of the free market every time a financial crisis emerges over the last 80 years,” Hayes argues. 
READ MORE:<a href="https://www.cryptointelligence.co.uk/prosecutors-challenge-defense-over-ftx-funds-in-bankman-frieds-high-profile-trial/">Prosecutors Challenge Defense Over FTX Funds in Bankman-Fried’s High-Profile Trial</a> 
Hayes identifies key factors supporting his Bitcoin forecast: 
<ol> 
 <li>Mounting Debt and Inflation: Hayes states that escalating government debt, roll-over needs, and waning productivity are only met with money printing. Though this results in bull markets, the fallout is typically rampant inflation. Hayes warns of a ‘massive top’ in 2026, followed by a depression-like scenario.</li> 
 <li>U.S. Banking System’s Insolvency: He points to the $7.75 trillion U.S. debt due for roll-over by 2026 and altered dynamics in U.S. bond yield curves. Historically, nations like China and Japan were primary U.S. debt buyers. This has changed, which Hayes believes will intensify U.S. troubles. The U.S. banking system, in Hayes’ view, is effectively bankrupt due to past regulatory actions. Hayes emphasizes the banking system’s inability to buy more debt, given its structural insolvency.</li> 
 <li>Attractiveness of Bitcoin as an Investment: As traditional financial systems become more unstable, investors may pivot towards alternative assets like Bitcoin. Hayes says, “In an economy with negative real rates, individuals will seek other assets, including cryptocurrencies.”</li> 
</ol> 
Hayes forecasts Bitcoin trading between $25,000 and $30,000 in the near future. 
By 2024, he anticipates a potential financial crisis to drive rates near 0% or escalating government expenditure causing investors to hunt for superior returns. 
He suggests that the U.S., Europe, and possibly Hong Kong’s approval of a Bitcoin exchange-traded fund, combined with Bitcoin’s halving event, could propel its price to $70,000 by mid-2024. 
From this point, he foresees Bitcoin skyrocketing to between $750,000 and $1 million. 
However, Hayes also acknowledges a potential 70% to 90% drop in Bitcoin’s price post this bull run, mirroring past trends. 
Other Stories: 
<a href="https://www.cryptointelligence.co.uk/hacker-exploits-media-coverage-of-bankman-frieds-trial-to-conceal-400m-ftx-heist/">Hacker Exploits Media Coverage of Bankman-Fried’s Trial to Conceal $400M FTX Heist</a> 
<a href="https://www.cryptointelligence.co.uk/eu-mulls-tighter-regulations-on-major-ai-systems-mirroring-digital-services-act-approach/">EU Mulls Tighter Regulations on Major AI Systems, Mirroring Digital Services Act Approach</a> 
<a href="https://www.cryptointelligence.co.uk/why-developers-should-seriously-consider-building-on-eos-evm-with-v0-6-0-release/">Why Developers Should Seriously Consider Building on EOS EVM with v0.6.0 Release</a>

Bitcoin Forecast to Reach $750K-$1M by 2026

Crypto Intelligence

Other articles published on Oct 11, 2023

Ethereum Price Continues to Slide After 5% Weekly Drop, But TG.Casino ($TGC) Continues Rising

OpenZeppelin excludes isContract, urging ecosystem evolution

Bitcoin Still Number One Due to Higher Futures Premium, K33 Research

Visa announces $100M fund for AI innovations, The Graph & InQubeta uptrend begins

Exclusive Perks and More: Scorpion Casino Presale Attracts Thousands

Caroline Ellison delivers the financial smut we've been waiting for

Join our free newsletter for daily crypto updates!