BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026

[Jating]

With parabolic movement of Bitcoin, everything is possible.

Yes, but we all know that bitcoin price movement is not going to be parabolic, it can only happen during bull run. Just like in the beginning when no one thought that we can buy a lot of bitcoin for $1.00 in 2009.

I am not against to the positive and high predictions and everyone is entitled for that. But when these times are coming, what I have noticed are these all bullish predictions.

It's like that whenever these come, isn't it scary when everyone is happy and taking these predictions that much? I am for it and has always been bullish but you know when there are bloods in the streets and about everyone being happy and greedy, right?

I've got my own prediction as well but not that too early but more likely after the 2nd halving on 2028 and up.

Sometimes we need this kind of predictions though, I mean we should stay and be positive and let it attract some positive vibes. However, we should still be realistic that it might take some years to see this kind of big price for us.

I mean we even haven't hit our first target of $100k in the supposedly bull run that is coming our way for the next two years. So it's really hard to digest this kind of price prediction as early as 2023, just saying.

[coolcoinz]

Hayes is known for some bad predictions. He was even featured in an article about the worst bitcoin predictions ever, next to McAfee and Tom Lee. You can google it with ease.

Most of these people throw prices around to gain publicity and it works because as you can see news sites publish articles about it and we discuss it on the forum.
If this was someone credible with a lot of past experience, but this is an exchange owner who AFAIK had one good prediction in his life somewhere in 2019 when he said that bitcoin will climb up to 10k and then above it. Many people predicted a bull market to start in 2020 so this wasn't one of those unexpected predictions that allowed a few believers to make money.

[armanda90]

It seems more like science fiction to me too, especially since this prediction is for the next few years. But bitcoin has surprised absolutely all people repeatedly, so why not. Although I also think that after the upcoming halving the price will be around 100-120k.

Predicting or speculating bitcoin price around $1 million seems as fiction for me comparison with current Bitcoin price under $27k, not easily raise above $100k and how possibility with bitcoin will reach $1 million depend on not any impossible yet with cryptocurrency. But have be realistic with bitcoin price predicting depend on when raise higher price always correction moment are waiting for, need more longer time although upcoming halving time can't guarantee for bitcoin raise above $100k.

Seems realistic prediction with bitcoin price raise or make new all time high above $70k, I don't think have huge expectation with bitcoin will up drastically in short time or few years later.

[Captain Corporate]

I mean when you say something like 2026, it almost guarantees that nobody will remember you saying this, so if you are wrong then you are not going to mention it and not many people will remind you of this neither, but if you are right then you have the chance to keep reminding everyone how you were right. I can't say that he is absolutely wrong, but the most likely outcome would be not achieving that much, obviously as founder of BitMex he wants people to keep buying, that means fee's paid to him so he wants more volatility and more volume and he will want people to be active, but that just means he is biased against the price. I would guess breaking over 100k should be our goalpost for the time being, lets do that first and we can check the rest.

[Ever-young]

Is this a sign of the rise of Bitcoin?
so many predict Bitcoin to reach a fantastic price in the next few years.

It’s good that most people see great feature in Bitcoin especially in the high value price which they are predicting for it, personally I think Bitcoin is currently devalued compared to what it could have worth base on it’s use case and how many people have adopted it as there daily usage currency.

But the price which it has been predicted to reach I will say it’s not over rated but it will be hard to achieve considering the time frame here, we know when it crosses the 60+ everyone was least expecting it, but a $700,000+ - a million dollar is a whole lot of money all together which will be hard to meet in a period of 1-2 years, not saying it’s not possible but the chances are really small here unless the world economy is being hit by a global recession which can devalue local currency and the million dollar will be less in value and purchasing power decreased compared to what it is now.

[livingfree]

With parabolic movement of Bitcoin, everything is possible.

Yes, but we all know that bitcoin price movement is not going to be parabolic, it can only happen during bull run. Just like in the beginning when no one thought that we can buy a lot of bitcoin for $1.00 in 2009.

And that's what everyone is waiting on, for the parabolic movement during the bull run.

I am not against to the positive and high predictions and everyone is entitled for that. But when these times are coming, what I have noticed are these all bullish predictions.

It's like that whenever these come, isn't it scary when everyone is happy and taking these predictions that much? I am for it and has always been bullish but you know when there are bloods in the streets and about everyone being happy and greedy, right?

I've got my own prediction as well but not that too early but more likely after the 2nd halving on 2028 and up.

Sometimes we need this kind of predictions though, I mean we should stay and be positive and let it attract some positive vibes. However, we should still be realistic that it might take some years to see this kind of big price for us.

I mean we even haven't hit our first target of $100k in the supposedly bull run that is coming our way for the next two years. So it's really hard to digest this kind of price prediction as early as 2023, just saying.

That's okay, it's up to you if you're going to digest all of these high predictions because you'll never know if it's the one that you're waiting for or optimistic with.

But I agree about being realistic but who knows if this second thought that everyone is having about that price for a short period of time will come into reality.

No one really knows what will happen in the future and this is why we're rounded with speculations and predictions.

[Husires]

Since 2021, I have no longer taken these predictions seriously because they are statements that people circulate due to their strangeness, but they are not based on any logical basis, mathematical analysis, technical analysis or prediction of price movement. They are just statements that appear first because they are controversial, just as many people do by saying strange opinions to stir up controversy and get people talking about them.

If we reach the price of 200 thousand, it will be a miracle, not a million.

[philipma1957]

Again and again, very bullish predictions are aimed at bitcoin.
Previously Michael Saylor predicted Bitcoin would reach a price of $5 million
https://twitter.com/bitcoinlfgo/status/1700981076389413281

This time Former BitMEX CEO Arthur Hayes also explained his prediction

He even said Bitcoin in 2026 will reach a value of $750,000 to $1 million, this is a fantastic figure, considering that currently, Bitcoin is still at a price of $27k-$28k.

The main reason is because he anticipates a financial crisis that could cause interest rates to drop to zero, or a scenario where interest rates increase, but not as fast as the level of government spending. In such a situation, Hayes argues that Bitcoin could be worth around $70,000 by the end of 2024, partly driven by a crypto-halving event.

He also foresees the launch of various exchange-traded funds by major asset managers in the US, Europe, and possibly Hong Kong.
Hayes explains, "That's when the real bull market starts."

Is this a sign of the rise of Bitcoin?
so many predict Bitcoin to reach a fantastic price in the next few years.


Source:
https://bitcoinmagazine.com/culture/bitmex-founder-750k-to-1-million-bitcoin-price-by-2026
https://twitter.com/BitcoinMagazine/status/1709886903338549499

well when btc dropped under 10 dollars right after the first ½ say sometime in dec of 2012. I would never believe 9 to 1200 in 11 months.

about 130x

to go to 1,000,000 in 2 years would be 38x

[Dave1]

Since 2021, I have no longer taken these predictions seriously because they are statements that people circulate due to their strangeness, but they are not based on any logical basis, mathematical analysis, technical analysis or prediction of price movement. They are just statements that appear first because they are controversial, just as many people do by saying strange opinions to stir up controversy and get people talking about them.

If we reach the price of 200 thousand, it will be a miracle, not a million.

That's fine mate, we should really take those predictions with a grain of salt, not seriously because those people that are making this predictions could have some narrative behind why they say that this X amount = 1 BTC in the future.

So we will let it slide, but then again, we should also extrapolate the data and can make our own predictions and see if it will be hit in the future or not.

My point is that there's nothing wrong with making predictions here, so it can be a success or failure, we really don't know until we crossed the bridge

[michellee]

I would be very happy if it really came true. But it is a prediction and will remain a prediction where we do not know whether it will actually happen. There is no need to take it seriously because there will be many more people who will predict what the price of Bitcoin will be in the future.

The important thing is that we can prepare ourselves for whatever high prices Bitcoin will reach. If you have a lot of Bitcoin, more than 100 BTC, you don't need to think about how high the price is because you will get big profits, especially if you can buy a lot of Bitcoin at the current price.

We will see whose predictions can come true in the future.

[adaseb]

He did a video recently on this, it’s almost 3 hours long but it talks about the reasons why he thinks it might hit those figures. He also explains why it won’t happen right away.

The way he describes the trouble that the US government is in with all these spending deficits it makes it scary to think what might happen in the near future for the US bonds. But he basically thinks there will be a recession, then money printing and then bitcoin will rally.

[Russlenat]

The way he describes the trouble that the US government is in with all these spending deficits it makes it scary to think what might happen in the near future for the US bonds. But he basically thinks there will be a recession, then money printing and then bitcoin will rally.

So, basically, for Bitcoin to really shoot up, we're talking about some bad mojo hitting a major country's economy. It's like folks shifting their cash over to dodge that whole recession deal. And you know what's wild? Bitcoin's shown time and again it can hold its own even when big-shot countries are stumbling. It's like this crypto safe haven, right?

But the big question is, how likely is that recession scenario to go down?

[LogitechMouse]

Whether it's the Bitmex founder, or Elon Musk, or those so-called analysts out there, a prediction will always be a prediction. A speculation.

I mean I can predict that Bitcoin might reach $100,000 this year? Is it possible? Yes, but what are the chances of it to happen? Close to zero is my prediction. However, I will change my prediction, and I will say that "I predict that Bitcoin will reach 6-digits next year. Months after the Bitcoin halving, it will reach that price." Is it possible, but for sure there's a higher chance that it will happen.

An average person like me can share a prediction, so does other average persons like there, and so does Arthur Hayes, and because of this, I don't already take predictions seriously. A troll can make their prediction, so does those influencers out there. Anybody can share their predictions, their speculations towards the price of Bitcoin.

On the other hand, one thing's for sure though. Bitcoin's price will rise in the long run... or is it??

[taufik123]

well when btc dropped under 10 dollars right after the first ½ say sometime in dec of 2012. I would never believe 9 to 1200 in 11 months.

about 130x

to go to 1,000,000 in 2 years would be 38x

and it's not impossible, it only takes 38x to reach 1,000,000.
But the problem will be that the journey to $1m is the same as when the price is below $10.

There will be a lot of manipulations made and people taking advantage of the moment to take advantage of the price movement down or up.
I personally am not too enthusiastic about reaching $1 million, just want to see the new ATH above $100k, that's enough for me to sell some holdings for a profit.

-snip-
An average person like me can share a prediction, so does other average persons like there, and so does Arthur Hayes, and because of this, I don't already take predictions seriously. A troll can make their prediction, so does those influencers out there. Anybody can share their predictions, their speculations towards the price of Bitcoin.

On the other hand, one thing's for sure though. Bitcoin's price will rise in the long run... or is it??

Yes, this sounds like a troll that keeps appearing from various figures who say they are very influential.
Seeing a lot of crazy predictions and speculation from the beginning I got into Bitcoin and now it has become a common thing.

Whether or not you want to accept a prediction from someone else is your decision.
Bitcoin prices will certainly go up in the future, but make sure you are also ready for the decline.

[TheUltraElite]

I mean I dont mind bitcoin going to 30x of its current price, I am sure anyone reading this also does not.

These guys own an exchange and more price changes means more money for them, so they can make any comment they want, like seriously who cares? If they come out correct, they will just self-validate, if they dont, well nobody asked them to, they will just move or or their mouth shut about it.

Hence I dont give any importance to these type of social media posts. Let bitcoin grow and adapt, who knows what pandemic is waiting for us in the future and hence forget worrying and continue collecting bitcoin.

[DanWalker]

I mean I dont mind bitcoin going to 30x of its current price, I am sure anyone reading this also does not.

These guys own an exchange and more price changes means more money for them, so they can make any comment they want, like seriously who cares? If they come out correct, they will just self-validate, if they dont, well nobody asked them to, they will just move or or their mouth shut about it.

Hence I dont give any importance to these type of social media posts. Let bitcoin grow and adapt, who knows what pandemic is waiting for us in the future and hence forget worrying and continue collecting bitcoin.

Longtime market participants are familiar with these types of exaggerated predictions by celebrities and most dismiss them as bullshit. But newcomers will be very bullish about these predictions and they may hold bitcoin blindly. In my opinion, this is both beneficial and harmful for newbies: the advantage is that newbies will confidently hold their bitcoins with more conviction. But on the other hand, it's possible that those celebrities want to take advantage of market psychology to quietly take profits. They keep shouting that bitcoin will reach 750k or 1 million USD but they will silently sell when the price reaches 100k or 200k, and those who still believe what they say will become a liquidity pool for them.

[Nrcewker]

Many are predicting many prices to be honest. It’s obvious that people are predicting because we know 2024 will be really big for the Bitcoins. Bitcoins follow a 4 year cycle to achieve ATH price and 2024 is the 4th year. So yes there is high expectations that Bitcoins will cross atleast 69k usd by 2024. Now this will increase the hype among people and the demand to accumulate Bitcoins will again increase. So there is high chance that Bitcoins might cross 100k usd or even 750k usd by 2026.

[Lucius]

Hayes is known for some bad predictions. He was even featured in an article about the worst bitcoin predictions ever, next to McAfee and Tom Lee. You can google it with ease.
~snip~

Some people may find this kind of speculation interesting, but when you read it for more than 5 years, it all becomes boring and tiring, not to mention that in most cases such speculations are a complete failure. However, everyone who plays with numbers in this way has become interesting to the media, and if you can promote the company and yourself for free, why not do it? People have short memories anyway, if you're right everyone will talk about it, if it's the other way around no one will even mention it.

Realistically speaking, we are at the end of 2023 and the price is below $30k, and the question is whether there will be any major upward movements by the end of the year, and someone says "maybe even $1 million by 2026" and I can only laugh at that and nothing more.

The spot BTC ETF already exists in some countries of the world, futures exist even in the US, but some are obviously so convinced that the spot ETF in the US will be something that will pump hundreds of billions of $ into BTC, as if it is the only way for big players to invest in BTC.

It's not that I personally don't believe that there won't be an effect on the price if the approval of the spot ETF + halving is combined, but I guess we all know that the market is a two-way street where something is bought and sold, and pumping up the price of 1 BTC to $1 million is something that it does not seem at all realistic when it comes to the year 2026.

[ajiz138]

I mean I dont mind bitcoin going to 30x of its current price, I am sure anyone reading this also does not.

Do not mind! In fact, I am happy with the expected 30x profit. LOL

These guys own an exchange and more price changes means more money for them, so they can make any comment they want, like seriously who cares? If they come out correct, they will just self-validate, if they dont, well nobody asked them to, they will just move or or their mouth shut about it.

Hence I dont give any importance to these type of social media posts. Let bitcoin grow and adapt, who knows what pandemic is waiting for us in the future and hence forget worrying and continue collecting bitcoin.

They will speak as they please because they have the power as stock exchange owners, so what they say will definitely cause polemics, some followers will definitely believe those comments, but I'm not exaggerating too much, because for me this is quite excessive even though that could happen in 2026.

No one will talk like this, even if they have the most bitcoins, their bitcoins have a high value, as Saylor said, $5M.

[Yaunfitda]

Many are predicting many prices to be honest. It’s obvious that people are predicting because we know 2024 will be really big for the Bitcoins. Bitcoins follow a 4 year cycle to achieve ATH price and 2024 is the 4th year. So yes there is high expectations that Bitcoins will cross atleast 69k usd by 2024. Now this will increase the hype among people and the demand to accumulate Bitcoins will again increase. So there is high chance that Bitcoins might cross 100k usd or even 750k usd by 2026.

And there are predictions in the last bull run that we are going to hit $100,000, but the all time high we achieved in $69,000. So yeah, there is a cycle here, every 4 year we will have a big bull run, but sometimes the price prediction falls short because everyone is thinking that it will be really huge. So the question for this prediction is a big if, because we if think about it, might not hit it by 2026. But we all know that the bitcoin market might pull another big surprises so we will see and look forward. But first, incoming 2024/2025, hopefully we can really reach that 6 digits that we all have been wanting to see and it's going to be historic to us and as far as financial market goes.