BTC Will Hit $1M By 2030… But Arthur Hayes Is Buying ETH Instead
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BTC Will Hit $1M By 2030… But Arthur Hayes Is Buying ETH Instead
Written by: Ciaran Lyons, staff writer | Reviewed by: Andrew Fenton, staff editor
Arthur Hayes, co-founder of BitMEX, believes Bitcoin is poised to reach seven figures by 2030 due to several factors. However, he is currently investing in Ethereum (ETH) due to its potential for significant growth.
On the latest episode of Trade Secrets, Hayes discusses various reasons why Bitcoin could hit $1 million:
- The collapse of the AI bubble.
- "Massive" money printing by central banks.
- Potential US yield curve control.
Hayes states, "We have the ingredients. The time is now. So I think the $58,000 was probably the bottom in Bitcoin, and now it’s going to grind higher in this hate fuck rally."
Despite his optimism about Bitcoin, Hayes has reduced his interest in Hyperliquid, believing there are better opportunities in the shitcoin space. He also downplays the influence of US President Donald Trump on crypto asset prices.
Hayes’ background includes a career as an equity derivatives trader at Deutsche Bank and Citibank in Hong Kong after graduating from the University of Pennsylvania in 2008. He co-founded BitMEX in…