Reserve

Bitcoin

Arthur

Million

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitmex-co-founder-foresees-bitcoin-reaching-1-million-amid-market-liquidity-influx" rel="noopener noreferrer nofollow">BitMEX Co-Founder Foresees Bitcoin Reaching $1 Million Amid Market Liquidity Influx</a><br></p>
<p style="text-align: justify">Arthur Hayes, co-founder of BitMEX, has suggested that <a href="https://en.bitcoinhaber.net/cryptocurrency-market-forecast-navigating-through-uncertainty" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) could soar to a million dollars due to a potential market catalyst. He believes that a drop in real estate prices might prompt the Federal Reserve to pump liquidity into the economy, bolstering markets and risk assets like Bitcoin.</p>
<h2 id="bitcoin-s-million-dollar-prediction">Bitcoin’s Million Dollar Prediction</h2>
<p style="text-align: justify">Hayes referenced a Bloomberg article indicating financial losses at Aozora Bank and New York Community Bancorp, attributed to the faltering US commercial real estate sector. He predicts that the resulting increase in market liquidity will drive Bitcoin’s price to the $1 million mark.</p>
<p style="text-align: justify">Despite Federal Reserve Chairman Jerome Powell’s indication that a March rate cut is unlikely, Hayes anticipates that real estate weaknesses and banking issues will compel the Fed and Treasury to relax monetary policies. He suggests that this could lead to a bailout package that would benefit Bitcoin’s value.</p>
<p style="text-align: justify">With current banking instabilities and the market expecting a bailout, Hayes foresees a temporary dip in Bitcoin’s value. However, he predicts a swift recovery and significant price increase if a new bailout package is introduced, similar to Bitcoin’s performance in March 2023.</p>
<p style="text-align: justify">At the time of the article’s publication, Bitcoin was trading at $42,857, but Hayes’s analysis points to a much higher potential valuation for the leading cryptocurrency in the near future.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitmex-co-founder-foresees-bitcoin-reaching-1-million-amid-market-liquidity-influx" rel="noopener noreferrer nofollow">BitMEX Co-Founder Foresees Bitcoin Reaching $1 Million Amid Market Liquidity Influx</a></h5>

BitMEX Co-Founder Foresees Bitcoin Reaching $1 Million Amid Market Liquidity Influx

목차

BH NEWS

2024년 2월 1일에 게재된 다른 기사

BREAKING: A Cryptocurrency Exchange Decides to Terminate Operations and Close

Jupiter ($JUP) Token Launch Could Accelerate Solana Ecosystem Expansion

Grayscale unveils broad crypto sector investment framework

US wants crypto miners to rush through energy use data or risk ‘public harm’

Binance Inscriptions Marketplace Debuts on Bitcoin Blockchain

Here’s What’s Next For Major Altcoins: ETH, SOL, XRP, SUI & LINK

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!