In a recent interview, Arthur Hayes, co-founder of BitMEX, made bold predictions about Bitcoin's future amid rising inflation and increasing money supply.
Global Money Supply and Bitcoin Demand
Hayes points out that rising money supply from central banks worldwide creates demand for scarce assets like Bitcoin. He believes this leads to the devaluation of traditional currencies.
Hayes' Perspectives and Predictions
Currently, Bitcoin is trading at $103,045, a level Hayes views as a baseline for upward movement. He predicts Bitcoin could increase tenfold by 2029.
Current Market Situation and Bitcoin Support
Bitcoin is currently thriving due to the strengthening institutional interest and recent changes, such as the launch of 24/7 CFTC-regulated Bitcoin futures trading on Coinbase for U.S. investors.
Arthur Hayes' predictions highlight the importance of understanding macroeconomic trends and the impact of rising money supply on the value of Bitcoin and other high-quality assets.
