BitMEX co-founder Arthur Hayes predicted that Bitcoin (BTC) will hit $750,000 to $1 million by 2026. However, a financial crisis will start after the bull market, which is predicted to be as bad as the great depression.
It is proven that there is a bear cycle after every bull cycle and vice versa. Arthur Hayes claims that during the next three years, the markets will witness one of the largest bull markets in human history, which will top in 2026.
Bitcoin Will Top at $1 Million by 2026: Arthur Hayes
In an Impact Theory podcast, Arthur Hayes discussed his theory on the upcoming Bitcoin bull market. He believes that BTC will stay sideways between $25,000 to $30,000 in 2023. And then, some financial disturbance will cause the interest rates to again go to zero in 2024.
The decreasing interest rate, crypto halving event, and the launch of spot Bitcoin ETFs would push Bitcoin to $70,000 by the end of 2024. Arthur Hayes said:
“That’s when the real fun starts. That’s when the real bull market starts.”
Read more: Bitcoin Halving Cycles and Investment Strategies: What To Know
For 2026, he further elaborated:
“I think we are going to go somewhere between $750,000 to $1 million in Bitcoin by 2026. Just because again I believe this is going to be the largest bull market in financial assets we have ever seen in the human history.
Not only will Bitcoin be at a ridiculous price, NASDAQ will be at a ridiculous price, S&P will be at a ridiculous price, pick your stock indices wherever you are, that will be at a ridiculous price.”
Author: Harsh Notariya
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