Hayes Sees $1M Bitcoin Price by 2030, Buys ETH Instead

Arthur Hayes, co-founder of BitMEX, believes Bitcoin has all the ingredients to reach $1 million by 2030. In a recent episode of Trade Secrets, he cited factors such as the collapse of the AI bubble, massive money printing, and potential US yield curve control as reasons for his prediction.

Hayes, however, is taking a contrarian view and investing in Ethereum instead, citing its potential for a 3x to 5x price increase 'pretty quickly.'

He pointed out that Ethereum has been beaten down and forgotten, making it ripe for a surge. Hayes noted that it's the base layer for DeFi and is long overdue for a performance boost.