The founder of BitMEX, Arthur Hayes, believes that the next Bitcoin cycle could result in unprecedented price growth. In a recent interview with YouTuber Tom Bilyeu, Hayes expressed his optimism about Bitcoin’s price, predicting a valuation of between $750,000 and $1 million for the leading cryptocurrency by 2026. He attributed his bullish outlook to various factors, such as Bitcoin’s limited supply, the potential introduction of Bitcoin spot ETFs in regulated markets, and geopolitical uncertainty. Hayes also emphasized the significance of Bitcoin’s fixed supply of 21 million coins, suggesting that the scarcity would drive up demand as more investors aim to acquire a portion of the limited supply. However, Hayes contextualized his comments within a larger macro-economic environment characterized by increased asset prices across the board. He believes that central bank monetary policies will lead investors to seek alternative assets as high interest rates become less favorable. Despite his ambitious long-term projection, Hayes’ near-term expectations are more modest, suggesting that Bitcoin’s price may remain around $30,000 for this year, with the possibility of reaching $70,000 by 2024. It is important to note that Hayes’ outlook reflects the ongoing evolution of the cryptocurrency landscape and the potential for Bitcoin to play a significant role in reshaping the future of finance.