Hayes Predicts BTC $1M, Bets on ETH Instead

Arthur Hayes, co-founder of BitMEX, believes that Bitcoin has all the ingredients to reach $1 million by 2030. He attributes this possibility to factors such as the collapse of the AI bubble and potential US yield curve control.

In a recent interview on Trade Secrets, Hayes stated that he thinks the current price of $58,000 is likely the bottom for Bitcoin, which will now grind higher in a 'hate fuck rally'. This prediction comes just weeks after Markus Thielen from 10x Research said it was mathematically impossible to reach $1 million by 2030.

Hayes also expressed his doubts about Hyperliquid's future upside. He stated that running a crypto exchange is now too expensive and competitive, making it 'a mug's game' unless you have the scale of major players like Binance or OKX.