TechFlow news, May 10 — According to The Daily Hodl, Arthur Hayes, co-founder of BitMEX, said in an interview with the White Crypto YouTube channel that rising global liquidity conditions will drive Bitcoin price increases, and the cryptocurrency bull market will continue.
Hayes predicted that by the end of President Trump's term (late 2028), Bitcoin's price will reach or exceed $1 million, roughly a tenfold increase from its current level of about $103,000. He stated: "This is a great time for the crypto ecosystem because we are experiencing a form of inflation globally. More fiat money chasing scarce assets means the bull market will continue."
As Chief Investment Officer of Maelstrom Fund, Hayes also believes that with increasing money supply, the U.S. dollar will depreciate against gold and Bitcoin, while U.S. Treasuries could be the worst investment choice.
