TechFlow news, December 3 — According to BLOCKMEDIA, Arthur Hayes, co-founder of BitMEX, stated during a remote speech at the blockchain summit Block Festa that Bitcoin's price could surpass $100,000 by the end of this year and potentially reach $1 million within five years. Hayes emphasized that South Korea, as one of the world's most important cryptocurrency trading markets, may see its market growth impacted by virtual asset taxation policies, urging local crypto investors to engage in proactive dialogue with the government.
Regarding the Korean market, Hayes noted that currently only domestic individuals can trade on major exchanges. As market liquidity grows, banks and asset management firms are expected to participate and launch related products. He highlighted the success of U.S. Bitcoin ETFs as a model worth emulating in Korea, while reminding investors to remain patient and understand the implications of global monetary policy shifts.
On industry development, Hayes pointed out that artificial intelligence will become a new type of economy requiring cryptocurrency as a medium of exchange. Citing the market performance of tech giants like Nvidia, he argued that AI, as a new form of life, will necessitate an independent monetary system. Additionally, Hayes noted that meme coin platforms on the Aptos blockchain have already achieved tens of millions of dollars in trading volume, demonstrating the vitality of the crypto market.
