Arthur Hayes, co-founder of BitMEX and a macro analyst, predicted that Bitcoin price will surge to $750,000 – 1,000,000 by 2026. His prediction is much more optimistic than that of most other analysts, based on the macroeconomic thesis that all financial assets are preparing for an unprecedented boom.
In an interview with Impact Theory published on Tuesday, Hayes stated that Bitcoin will continue to trade sideways near $25,000 to $30,000 this year, before surpassing its previous all-time high of $69,000 by the end of 2024.
Next year’s gains will be driven by a growing economy that renders real-interest rates negative, encouraging investors to continue looking for returns in more risky sectors such as crypto. Other bullish factors include the upcoming Bitcoin halving in April and the potential launch of more Bitcoin spot ETFs by major asset managers, like BlackRock in the US.
“My upside target is $750,000 to $1,000,000 level, 2026 timeframe. I believe this is going to be the largest bull market in financial assets we have ever seen in human history”, Arthur Hayes said.
Besides Bitcoin, the analyst predicted that Nasdaq, S&P500, other stock indices, and various forms of property will also skyrocket: “We’re going to have a lot of ridiculous prices out there, not just in crypto.”
According to Hayes, governments will print more money than they have ever printed in human history to conduct yield curve control, keeping the global bond market from collapsing. Money printing combined with AI hype will create the biggest tech boom we have ever seen.
As an advocate of both AI and cryptocurrency, Hayes believes that AI will choose BTC as its native currency due to the need for decentralized money to conduct its daily operations. Hayes plans to invest more into both crypto and AI after the Federal Reserve slashed interest rates.