Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast

[bbc.reporter]

It would be very difficult to disagree on Arthur's speculation and this speculation is certainly much better for bitcoin's pump! If everyone is also aware on which next ETF application is scheduled for approval, we can be quite certain that this will not be approved by uncle Gary and the SEC. There might be an argument for an approval if the next scheduled application is on Blackrock's ETF, however, it is not them. It is Global X's ETF which might not have the same influence and connections that Blackrock has on the government.



Arthur Hayes, the co-founder of the BitMEX derivatives exchange, published an essay attributing the crypto market rally to the costs associated with hawkish U.S. foreign policy and not spot Bitcoin ETF anticipation.

In an Oct. 24 essay titled The Periphery, Hayes attributed U.S. president Joe Biden’s open-ended commitment to supporting Israel’s war effort against Hamas to the recent surge in the crypto markets.

“If long-term U.S. Treasury bonds offer no safety for investors, then their money will seek out alternatives,” Hayes said. “Gold, and most importantly, Bitcoin, will begin rising on true fears of global wartime inflation.”

Source https://thedefiant.io/arthur-hayes-says-btc-is-rallying-over-us-military-spending-not-etf-hype

[kotajikikox]

Hayes thinks Bitcoin could become really valuable, like between $750,000 and $1 million by 2026.-Bold Crypto analysis



Bitcoin has been doing well lately, going up by about 29% since March. It almost hit. $30,000 but didn't quite get there. Right now, it's worth more than before when it was around $24,000. Arthur Hayes the cofounder of BitMEX, has a big idea about what might happen with Bitcoin in the future. While banks around the world are making it harder to get money, Hayes thinks Bitcoin could become really valuable, like between $750,000 and $1 million by 2026.

https://www.cryptocrit.xyz/2023/10/crypto-analysis-could-bitcoin-hit-1.html

not sure if i need to trust or believe this prediction or now because I am not aiming for anything but to Bitcoin cross 100k usd in the future , it may not this bull but at least in the next one ,
although there are so many expectation of bitcoin crossing 6 digits yet I believe that there are factors need to consider before it becomes reality.
market is showing resistance now even to hit 40k so what more in the coming months.
2024 is the predicted year for 6 digits, hope it will come because that is my plan of selling out.

[Pierre 2]

I wish more people would consider Bitcoin as digital gold to go when economy is hurt under heavy inflation. Especially nowadays United States experience huge inflation and US Dollars is lot less valuable compared to past. But in my opinion we, Bitcoiners, are still minority compared to people in traditional markets. If Bitcoin is truly embraced by traditional financial institutions, I am pretty sure 1 million dollar would look like nothing in future as USD will be weaker.

[blckhawk]

Hayes believes bitcoin will be worth at least $750,000. Public people keep playing the game of who will have the higher prediction. Games like this have been around for quite some time. I remember back in 2017, they were predicting an imminent price of $500,000 and even $1 million. These claims are just a PR attempt, it's just another news buzz that shouldn't be taken seriously.

But the masses and his followers take it nonetheless, and what he's planning is definitely going to happen because he's still able to generate the hype. But to be fair to him though, he's the kind of person that helps people not lose hope when the prices of bitcoin isn't doing fine and some people just want something even a lie to hold onto.

[fuguebtc]

I wish more people would consider Bitcoin as digital gold to go when economy is hurt under heavy inflation. Especially nowadays United States experience huge inflation and US Dollars is lot less valuable compared to past. But in my opinion we, Bitcoiners, are still minority compared to people in traditional markets. If Bitcoin is truly embraced by traditional financial institutions, I am pretty sure 1 million dollar would look like nothing in future as USD will be weaker.

Basically bitcoin is already digital gold and what we need now is for bitcoin to become more popular, only increased demand can help bitcoin price reach its peak. It is still happening but not as fast as we expected, everything takes time and we should also give bitcoin more time. And while we wait for everyone to accept bitcoin, it's an opportunity for us to have more time to accumulate more bitcoin because when it becomes truly globally popular like gold, owning it will be extremely difficult. Bitcoin reaching 1 million USD will be meaningless if we do not have too many bitcoins in our pockets.

[terrific]

Dude, I'm like just make it happen. 
Use your influence and whatever you have on your position to spread and gain adoption naturally for Bitcoin.
Everyone wants to see that happen and if there are people that don't like it, then those are the institutions that are yet on the market. They'll try to stop any potential adoption and growth through their FUD and everything to buy it cheap before that happens. 3 years from now, we don't know what can happen and if there will be more money injected again through printing.

[tygeade]

Dude, I'm like just make it happen. 
Use your influence and whatever you have on your position to spread and gain adoption naturally for Bitcoin.
Everyone wants to see that happen and if there are people that don't like it, then those are the institutions that are yet on the market. They'll try to stop any potential adoption and growth through their FUD and everything to buy it cheap before that happens. 3 years from now, we don't know what can happen and if there will be more money injected again through printing.

I know the feeling, many people keep calling for these huge prices but they keep putting it very very ahead so that people would forget about it when the time comes. In reality I feel like it is not really that easy to happen, and it just a prediction, or even just a made up thing.

I think it would be smarter to talk about when the price will hit 50k soonest, because that's what we really want to know, would it be within 2023? Could it happen that early? Or would it be first two quarters of 2024? Or will we have to wait even longer than that? None of that is known and we are just making predictions but at least make something for closer.

Even 40k would be better, because we are not that far away from it, so someone saying "40k will happen during the next 3 months" would be great and we would appreciate it a lot, unfortunately not that many people are doing that for some reason and that causes it a little bit discomfort with the market since we do not know.

[Abiky]

I wish more people would consider Bitcoin as digital gold to go when economy is hurt under heavy inflation. Especially nowadays United States experience huge inflation and US Dollars is lot less valuable compared to past. But in my opinion we, Bitcoiners, are still minority compared to people in traditional markets. If Bitcoin is truly embraced by traditional financial institutions, I am pretty sure 1 million dollar would look like nothing in future as USD will be weaker.

Indeed. The USD is getting weaker by the day. Constant government spending and money printing will lead America towards hyperinflation at a very fast pace. You can see how countries are preparing for the worst by moving away from the US Dollar (De-Dollarization). The predicted price might not happen by 2026, as it's only 3 years from now.

I believe BTC will get there sooner or later, thanks to the projected deflation rate (aka as the block reward halving). The less BTC earned per block, the scarcer it will become. This translates into higher prices in the long run. That's assuming demand stays high over time. Predictions are predictions. Who knows what the future holds for the cryptocurrency?

[lixer]

I wish more people would consider Bitcoin as digital gold to go when economy is hurt under heavy inflation. Especially nowadays United States experience huge inflation and US Dollars is lot less valuable compared to past. But in my opinion we, Bitcoiners, are still minority compared to people in traditional markets. If Bitcoin is truly embraced by traditional financial institutions, I am pretty sure 1 million dollar would look like nothing in future as USD will be weaker.

Bitcoin doesn't need traditional financial institutions to accept it in order for it to get more widely accepted around the globe, and what will be the use for someone to buy or have Bitcoin if they do it through traditional financial institutions since they will most probably keep the assets with them and that will make them centralized in the true sense while Bitcoin's main attribute is it being totally decentralized and allowing its investors to have direct access to their financial holdings instead of someone else holding them for them.

The positive for Bitcoin and the market would be if people start buying directly and storing their wealth in Bitcoin instead of other traditional investment options such as Gold, Real Estate, and many others because that will make Bitcoin adopted more widely without having any involvement from traditional financial institutions.

[Abiky]

Bitcoin doesn't need traditional financial institutions to accept it in order for it to get more widely accepted around the globe, and what will be the use for someone to buy or have Bitcoin if they do it through traditional financial institutions since they will most probably keep the assets with them and that will make them centralized in the true sense while Bitcoin's main attribute is it being totally decentralized and allowing its investors to have direct access to their financial holdings instead of someone else holding them for them.

The positive for Bitcoin and the market would be if people start buying directly and storing their wealth in Bitcoin instead of other traditional investment options such as Gold, Real Estate, and many others because that will make Bitcoin adopted more widely without having any involvement from traditional financial institutions.

While Bitcoin can live without "Wall Street", it won't be able to gain traction because only a small number of people will invest in it. That's why regulations are necessary. By regulating the crypto industry, we can help attract the wealthy (institutional investors, companies, businesses, etc) into Bitcoin. These players are the ones who "pump" market prices all the way to the moon. Without them, BTC won't be able to reach the predicted price of $1m.

Considering that "Wall Street" is already in the game, it should only be a matter of time before this happens. 2026 may be too soon for BTC to reach such high prices. But I've seen the impossible happens in crypto land. I'd advise you to buy BTC while it's still "cheap". Who knows if you get lucky someday? Just my opinion

[Fivestar4everMVP]

I will not refer to this as a bold bitcoin analysis, I refer to it as nothing but full blown exaggeration.
Bitcoin could bitcoin really valuable which it already is if you ask me, for as it is right now, there are billions of people worldwide who can afford to buy one whole bitcoin at a go, so this make the coin very expensive for them.

Now, coming back to this exaggeration of a prediction, I don't think it is possible because I have not seen what will act as a catalyst to drive the price of bitcoin to such a huge amount of money in such a short period of time, 2026 is not so far away as many of us think.

If I am asked, I did say that by 2026, I expect that the price of bitcoin would have stabilized about $100,000, which is already a great achievement for the coin, $750, 000 to $1 million dollars is pure exaggeration.

[Abiky]

I will not refer to this as a bold bitcoin analysis, I refer to it as nothing but full blown exaggeration.
Bitcoin could bitcoin really valuable which it already is if you ask me, for as it is right now, there are billions of people worldwide who can afford to buy one whole bitcoin at a go, so this make the coin very expensive for them.

Now, coming back to this exaggeration of a prediction, I don't think it is possible because I have not seen what will act as a catalyst to drive the price of bitcoin to such a huge amount of money in such a short period of time, 2026 is not so far away as many of us think.

If I am asked, I did say that by 2026, I expect that the price of bitcoin would have stabilized about $100,000, which is already a great achievement for the coin, $750, 000 to $1 million dollars is pure exaggeration.

It may look like an exaggeration, but I've seen the impossible happen in crypto land. Constant hype might help drive Bitcoin's price all the way to $1m faster than you could imagine. The process will be accelerated once the US Dollar starts losing value like crazy. All the FED needs to do is "turn on the money printer", and there should be nothing stopping BTC going all the way to "Mars".

I think it's still the perfect opportunity to buy Bitcoin at a "cheap" price. The smart money will buy, while whinners will sell. No matter where market prices go, there's no denying Bitcoin will survive thanks to the way it was designed. As long as it stays decentralized, no one will be able to stop it. Just my opinion

[Nrcewker]

People don't know btc price next month and somebody still talking about 2026 lol

That’s why, people make estimations based on calculations and historical graphs. I know predicting something in the future is almost impossible, but what we can do is estimations. And there is huge difference between the two. If I have to make an estimation about the price of Bitcoins, then in the next one year, Bitcoins are bound to cross 70k usd. This is because we have seen previously Bitcoins follow a 4 year cycle to reach new ATH price and next year is the 4th year. So yes there is high probability that this is going to happen.

[CryptoBuds]

People don't know btc price next month and somebody still talking about 2026 lol

That’s why, people make estimations based on calculations and historical graphs. I know predicting something in the future is almost impossible, but what we can do is estimations. And there is huge difference between the two. If I have to make an estimation about the price of Bitcoins, then in the next one year, Bitcoins are bound to cross 70k usd. This is because we have seen previously Bitcoins follow a 4 year cycle to reach new ATH price and next year is the 4th year. So yes there is high probability that this is going to happen.

What evidence do you have to be sure bitcoin will reach 70k USD next year, if you can be 100% sure, then you should sell all your assets and invest in bitcoin? At current prices, you will have a chance to double your wealth next year when bitcoin hits $70k, LOL. Do you dare to do that? When it comes to the future, we are free to estimate and predict, but don't be certain about anything, especially bitcoin, an extremely volatile and uncertain asset.
Predictions are still just predictions and cannot guarantee anything. In investing, you should not be subjective with your predictions.

[khiholangkang]

People don't know btc price next month and somebody still talking about 2026 lol

That’s why, people make estimations based on calculations and historical graphs. I know predicting something in the future is almost impossible, but what we can do is estimations. And there is huge difference between the two. If I have to make an estimation about the price of Bitcoins, then in the next one year, Bitcoins are bound to cross 70k usd. This is because we have seen previously Bitcoins follow a 4 year cycle to reach new ATH price and next year is the 4th year. So yes there is high probability that this is going to happen.

yes basically the moving market no one knows where it is and no one can really predict the movement of Bitcoin with 100%accuracy, anyone is not possible the market movement can be read right, all the people argument are those who analyze the movement of the movement that once found the results to find the estimated calculation at a certain time, and yes it was only a speculation that there was no guarantee that it would happen as you do hallucinations on something and rely on your mind to reach the point of hallucinations.

$ 70k might happen if ETF Bitcoin is approved in my opinion, but if this Bitcoin ETF is pending again, it is likely that in my opinion it will move between $ 40K- $ 60k.

[moneystery]

everyone admits that bitcoin has moved quite significantly in recent years. but predicting bitcoin will reach a value of $1 million by 2026 sounds like nonsense. maybe if he said that it would be achieved in the next 20 years, it might happen, but 2026 is only 3 years away, and it is unlikely for bitcoin to reach that value in a short time of 3 years.

we can predict the price of bitcoin at any time within a certain time period, but we also have to understand that bitcoin is the same as other investment instruments which depend on demand. and discussing the demand for bitcoin, i'm not so sure that in the next 3 years the demand for bitcoin will be very very high until it reaches a value of $1 million. let's think rationally.

[mirakal]

People don't know btc price next month and somebody still talking about 2026 lol

Their is some people who calculate the price of bitcoin above for intervals of two years ahead, but when looking at he or her opinion over bitcoin price come 2026 you will know that this particular suggestions or predictions is like something that is under assumption.

Actually we are in the year of 2023 and we are even expecting bitcoin halving which has not come to pass as people reasons or expected but the op is emphasising on 2026 over two years coming of bitcoin price, which 2024 and 2025 nobody sure of the price of bitcoin.

The thing is that we all know that bitcoin price is rotational maybe the op have a radar it uses to know Actually where the price of bitcoin will take us to, but some predictions or speculation of bitcoin do come to reality when you overlooked it, but when bitcoin want to skyrocket the way it was before the thing that happened is that they will be a signal that will passed across, even through the chart you can know that bitcoin is will increase anytime soon despite that nobody can predict the future of bitcoin accurately.

In such unpredictable market, future price predictions are normal. And some crypto analysts don't just do it because they want it but because they also have some good and reliable basis that might possibly work in the future. That's why try to be more open for future predictions but never assume that they will all come into reality, and never rely in them for your future decisions.

However, as per my own point of view, I truly believe that bitcoin has all the potentials to finally reach $1 million in price but it will be uncertain as to what year it will happen. And for me, 2026 might not be the year to see bitcoin hitting $1 million. It could possibly happen 10 or 15 years from now.

[Abiky]

That’s why, people make estimations based on calculations and historical graphs. I know predicting something in the future is almost impossible, but what we can do is estimations. And there is huge difference between the two. If I have to make an estimation about the price of Bitcoins, then in the next one year, Bitcoins are bound to cross 70k usd. This is because we have seen previously Bitcoins follow a 4 year cycle to reach new ATH price and next year is the 4th year. So yes there is high probability that this is going to happen.

There's no way of telling much Bitcoin will be worth in the future. What you can only know is when the market will turn bullish again. Increased interest/demand from institutional investment comapnies, as well as the block reward halving of 2024, tells us that a massive "pump" will happen soon. It would be unwise to sell your Bitcoin holdings now, unless you really need the money to survive. We may never see such low prices ever again.

If all goes well, BTC may be able to reach a new ATH. The sky is the limit to how far Bitcoin can go. Who knows what will happen 3 years from now?

[Kasabus]

Hayes thinks Bitcoin could become really valuable, like between $750,000 and $1 million by 2026.-Bold Crypto analysis



Bitcoin has been doing well lately, going up by about 29% since March. It almost hit. $30,000 but didn't quite get there. Right now, it's worth more than before when it was around $24,000. Arthur Hayes the cofounder of BitMEX, has a big idea about what might happen with Bitcoin in the future. While banks around the world are making it harder to get money, Hayes thinks Bitcoin could become really valuable, like between $750,000 and $1 million by 2026.

https://www.cryptocrit.xyz/2023/10/crypto-analysis-could-bitcoin-hit-1.html

It's not actually impossible for bitcoin to achieve that price but if we want to assume that it's gonna happen by 2026, I think I won't rely on that. Bitcoin might be a secured and is a guaranteed investment that appreciates its price from time to time, year after year, but we also know how volatility triggers the price so once bitcoin price moves up, it will always create another chance to drop again and that's how the nature of bitcoin is. You can't expect that the price will continuously move up once it reaches a significant price, but will always find a way to drop again due to its price fluctuations. That's how unpredictable bitcoin is, but if faith is already established, no matter how the market crash, we won't be easily triggered and will still expect for bitcoin to reach a new all time high every time. 

[Sophokles]

That’s why, people make estimations based on calculations and historical graphs. I know predicting something in the future is almost impossible, but what we can do is estimations. And there is huge difference between the two. If I have to make an estimation about the price of Bitcoins, then in the next one year, Bitcoins are bound to cross 70k usd. This is because we have seen previously Bitcoins follow a 4 year cycle to reach new ATH price and next year is the 4th year. So yes there is high probability that this is going to happen.

There's no way of telling much Bitcoin will be worth in the future. What you can only know is when the market will turn bullish again. Increased interest/demand from institutional investment comapnies, as well as the block reward halving of 2024, tells us that a massive "pump" will happen soon. It would be unwise to sell your Bitcoin holdings now, unless you really need the money to survive. We may never see such low prices ever again.

If all goes well, BTC may be able to reach a new ATH. The sky is the limit to how far Bitcoin can go. Who knows what will happen 3 years from now?

We need to be more optimistic about the value of bitcoin. Bitcoin could hit $1M? Yes it can but there isn't any specific time for that. Bitcoin can do it within 2026. It is not unlikely but the facts say it won't happen. From the current position of bitcoin it will take a tremendous amount of money and super positive news to reach that milestone. If this happens within a few month then it will not be able to hold that price for long as the ROI will be greater than its previous bull run so even long term investors will start booking the profit.