BitMEX Founder Arthur Hayes Predicts Bitcoin To Reach $1 Million Within 2-3 Year

[FahriZah]

Still Now I Have Doubt About Bitcoin Touch 1 Million Dollar Within 1-2 Years Than Means Within 2024 And 2025 It’s Just Predicted By BitMex Founders But Actually Now I,m Shearing In My Own Opinions About Bitcoin Price Prediction I Hope And So Many Biggest Biggest Predictor Already Analyses About Bitcoin Price They Told Many Time Bitcoin Bull Run START 2024 Than I Hope Bitcoin Can Go Easily $100k US Dollar But 1 Million Dollar Maybe Not Possible Within 2 Years.

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[avikz]

1 million per bitcoin is way too optimistic. I am sure Arthur has some good reasons to think of such a number but for me, it is way to expensive and this price per bitcoin is not justified at all. If this happens then the market cap of bitcoin will reach trillions of dollars which seems next to impossible.

I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.

[Lanatsa]

1 million per bitcoin is way too optimistic. I am sure Arthur has some good reasons to think of such a number but for me, it is way to expensive and this price per bitcoin is not justified at all. If this happens then the market cap of bitcoin will reach trillions of dollars which seems next to impossible.

I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.

Too much optimism about the price or way too unrealistic on this kind of approach.Dont know on how these people do make out considerations. Even if we do speak about 2-3 years time
which it is really that impossible if we do look on how fast and slow the price do make out on a particular time frame.It cant really just that possible for those numbers
to be reached in a few times and if we do see on how hard on breaking out those resistances then you would realize that this a level that we cant reach out even on 10 years time.
Somewhat it is really that not impossible but wont really be that short time.

[OgNasty]

1 million per bitcoin is way too optimistic. I am sure Arthur has some good reasons to think of such a number but for me, it is way to expensive and this price per bitcoin is not justified at all. If this happens then the market cap of bitcoin will reach trillions of dollars which seems next to impossible.

I can bet for 100k per bitcoin in next 5-7 years horizon but 1 million is not possible. Probably in next 25 - 30 years, we will see that but surely not in next 2-3 years timeline like Arthur says.

Too much optimism about the price or way too unrealistic on this kind of approach.Dont know on how these people do make out considerations. Even if we do speak about 2-3 years time
which it is really that impossible if we do look on how fast and slow the price do make out on a particular time frame.It cant really just that possible for those numbers
to be reached in a few times and if we do see on how hard on breaking out those resistances then you would realize that this a level that we cant reach out even on 10 years time.
Somewhat it is really that not impossible but wont really be that short time.

It isn’t as crazy as it sounds when you look at the facts. FTX held down Bitcoin’s price in 2021 by telling customers they owned BTC while they didn’t because the exchange spent their money on shitcoins. This severely depressed the price. My personal projections were for it to hit $200K in 2021 and I believe that would’ve happened without FTX. If it did hit $200K, my prediction for 2025 would have been $800K, so a million isn’t that crazy to those of us who have been around a few cycles.

[mikeywith]

so a million isn’t that crazy to those of us who have been around a few cycles.

It is, doesn't matter how you look at it.

Bitcoin had only 4 cycles, looking at the price appreciation from cycle top to the next cycle top gives you a total of 3 (since the first one had no previous cycle).

Cycle 1 to 2 > 3500%
Cycle 2 to 3 > 1560%
Cycle 3 to 4 > 240%

For this cycle to go to 1M, it has to do 1360% from the 70k top, when it had that 1560% the market cap was just a couple of billion, pretty easy to move, to do that now, you are going to need 4.5 trillion, to go from 300B (the current bottom of the cycle) to 4.5 trillion is way too unrealistic, that's almost half the market cap of Gold which has been there for thousands of years with all governments, banks, and women buying it.

To me, all those models and predictions are just to trick people into buying their bags and not selling before the whales do, the last cycle we had all those experts talk about 100k-200k top, they got the average joe waiting for those figures and they existed at 70k, now they are promoting the 1M and the 500k and they will probably exit at 200k.

[adaseb]

I watched his video with bankless on YouTube and read his article but I am confused.

He says that now they are guaranteeing 4T in assets. However this is borrowing future money for present money and shouldn’t cause inflation because nothing is created technically.

However he says when fed will cut, all this dry power will go into the market but how exactly? That money that was added to the balance sheet will stay on there until those USG and MBS mature and then it’ll roll off. I don’t get where he says the 4T will have an affect of the economy.

[Fundamentals Of]

It seems people are now eyeing the $1 million price for Bitcoin even if the current price is way too far from it. Cathie Wood of Ark Invest thinks that Bitcoin could reach $1.5 in 7 years. There is also this Balaji guy who sounds so sure that Bitcoin will hit $1 million in just 90 days. And now Arthur Hayes has also joined the fray with his $1 million prediction of Bitcoin in 2 to 3 years.

As much as I want it to happen, my realistic self tells me that $1 million is too far to predict. Perhaps we should try to predict $100,000 first or $200,000. We seem to be leaping too far.

[19Nov16]

Most exchanges owners always give positive predictions until they don't make sense, I have never seen any exchange owners make bad predictions even when the market crashes, this is to make their business profitable, if you see a price prediction of $ 1 million in 2 or 3 years of course it is that is difficult to happen, and whatever happens the most important thing is that we get a profit.

[Ludmilla_rose1995]

the thing to note is not to be too great with the predictions of one of the company's founders because these predictions are commonplace. bitcoin will surely go to the price of $1 million but no one knows when it will be (not a year or 10 years in the future).

[o48o]

People are most likely listening to him because of the bullish predictions. But they don't remember that guy has been making too bullish predictions whole this time.
He also predicted that Eth would be $5000 by march 2023 because of the merge. Why are people listening advices from someone who has make so bad choices he ended up in jail is beyond my understanding.

[erep]

the thing to note is not to be too great with the predictions of one of the company's founders because these predictions are commonplace. bitcoin will surely go to the price of $1 million but no one knows when it will be (not a year or 10 years in the future).

I think his predictions are not too exaggerated but he stated 2-3 years in the future and the factors for predicting that timeframe are considered very exaggerated, for example that no one believes bitcoin can reach a price of $ 10k when 1-2 years bitcoin has been created but the fact is that the bitcoin price is higher than the previous target price, so it is likely that the same opportunity will occur in the future, that it is possible that the bitcoin price could become $ 1 million someday.

[darkangel11]

I don't think it will even hit 500k in his time frame. Bitcoin is growing and it's going to continue but I just don't see it going more than 20x from today's price in 2024 bull market.

I see 2 possible scenarios for this run. It will either follow diminishing return pattern like the last bull market and go 3-4x fro the ATH finishing at 250 maybe 300k and dropping back to 60k in the bear run, or following its old pattern from 2017 and reaching over 500k, which would be consistent with the S2F model, but that's very unlikely.

1 million is possible especially if one day USD collapses, but not in this cycle. Maybe in 5-6 years.

[_BlackStar]

$1M in next 1 to 3 years is a dream, I don't think it will come true. Looking at the 4 year cycle, you can probably guess when that $1M came though there are a lot of doubts about it considering it's hard to get similar scenario for the future price of bitcoin.

Right now we hope that $100k is real when bitcoin is on its way to halving. If that scenario were to repeat itself, then there is hope for $1 million even though it must be very large amount. Now let's say that $1M in 1-3 years doesn't happen, but the target is $100k in 1-3 years.

[STT]

We dont all believe in 1 million, quite a few sell when BTC goes to extremes like the 10k scenario.  Many people clearly dont really believe in 1 mill or why would you ditch on the down turn.  The price this week, month or year even doesnt stop 1 mill in future but it sure puts up a wall to such views in appearing to make it heavily unlikely though the way BTC moves is quite confusing.   
  I dont think 1 mil occurs in the price without some quite heavy news, extreme volatility and sell offs in an ironic way many holders will sell during that harsh enviroment.  1 mil is a nuclear sunset scenario, it shouldnt happen but yes we 'know' it can but not really the means by how gravity is defied in that way.

[crzy]

That could be a huge target for the next bull run, and I can only see this as possible if the US economy continues to go down and if there’s already a huge panic against the banks. Don’t expect too much though since reaching that price if quiet impossible for now, I can only see $100k in 2025 after the halving.

[BitcoinPanther]

At least the time frame of this prediction is way more reasonable than Balaji Srinivasan that predicts Bitcoin will reach 1m within 90 days.  But I still doubt that Bitcoin will reach 1m in two or three years time.  Often times indicators changes from time to time.  So if ever the indicators shows that the possibility of reaching $1m in 2 or 3 years changes, then it is more likely that the one issued the prediction may change his statement.  After all no one know the future price of Bitcoin until it happens.

[capedbaldy]

That could be a huge target for the next bull run, and I can only see this as possible if the US economy continues to go down and if there’s already a huge panic against the banks. Don’t expect too much though since reaching that price if quiet impossible for now, I can only see $100k in 2025 after the halving.

Predictions of $100k maybe more realistic to be achieved if it is related to previous ATH, but people are free to speculate on any price because nothing is impossible that bitcoin price can be achieved in the future, but I am optimistic that after the halving bitcoin will recover soon to reach new highs and my speculation is a price of $100k will be reached soon.

[Hamphser]

That could be a huge target for the next bull run, and I can only see this as possible if the US economy continues to go down and if there’s already a huge panic against the banks. Don’t expect too much though since reaching that price if quiet impossible for now, I can only see $100k in 2025 after the halving.

Predictions of $100k maybe more realistic to be achieved if it is related to previous ATH, but people are free to speculate on any price because nothing is impossible that bitcoin price can be achieved in the future, but I am optimistic that after the halving bitcoin will recover soon to reach new highs and my speculation is a price of $100k will be reached soon.

We should really stick into that realistic side or numbers which it is really that good on seeing that $100k could be achieve in speaking of new ATH but of course it isnt something that easy that would really be able to hit up if we do speak about target price. These bullish people would be saying about a million a piece which is really that impossible for a short time of span and this is why lots of people would really be laughing with this kind of price approach or belief on which it cant really be just that possible with those times. Yes, there's a potential but it would really be taking up decades or something like that or would never ever
reach out this level but who knows on what the future holds, right?

[yhiaali3]

Many are those who are overly optimistic about the future of Bitcoin, expecting it to reach a million dollars in a short period, but the recent statement of the CEO of Coinbase exceeded all expectations as he predicted that Bitcoin would reach a million dollars within 90 days!!!

Therefore, it can be said that Arthur Hayes' words are more realistic, as he says that it can reach a million dollars during this cycle, not within 90 days.

Personally, even this talk I find exaggerated. I am a fan of Bitcoin and I hope that will happen, of course, but it is far from reality. I can expect it to reach 100K$ at the latest during this cycle.

[adaseb]

If you guys follow Twitter it seems that he might of not funded the escrow yet. Seems he is taking back his word. His opponent funded his portion but before he sends his, he wants to check with his lawyers first.

So it seems that the bet might of fell thru when he realized that it’s a pretty stupid bet and it’s just wasting money. Well not actually wasting since the counterparty from what i read would donate it to charity anyways.

See how it unfolds this week.