Former BitMEX CEO Arthur Hayes shared his thoughts in a recent interview, suggesting Bitcoin could reach $200,000 in the near future without the usual cycles.
Impact of Money Printing on Bitcoin
Hayes believes that President Trump's administration will aim to lower interest rates, which will lead to increased money printing. This, he argues, will weaken traditional currencies and raise the value of fixed-supply assets like Bitcoin. He contends that the path to $200,000 does not necessarily need to wait for the four-year cycle, as the economic backdrop could expedite this process.
The Idea of 'Owning the Casino'
Hayes explains the concept of 'owning the casino', arguing that the smart investments are in projects that thrive when markets are flooded with liquidity and speculation. He points to projects like Athena, Etherfi, and Hyperliquid as ones likely to perform well.
Bitcoin vs. Traditional Finance
According to Hayes' observations, both traditional finance and cryptocurrency depend on money printing by central banks. He asserts that Bitcoin has turned out to be the best hedge, as stocks, real estate, and even gold have lost value over time. Hayes predicts that only a few cryptocurrencies such as Bitcoin and Ethereum will dominate the market, despite potential collapses of some risky players.
Considering current global trends and monetary policy dynamics, Hayes asserts that Bitcoin could significantly increase in price, perhaps reaching $200,000 much sooner than expected.
