Bitcoin Diramal Can Break 1 Million US Dollars In 2026, This Is What Former Bitmex CEO Arthur Hayes Says!

Arthur Hayes, former CEO and founder of BitMex. (Photo; Doc. Coinstats)

JAKARTA - Arthur Hayes, founder and former CEO of Bitmex, has revealed his predictions regarding the future price of Bitcoin. In an interview on Tom Bilyou's YouTube channel, Hayes stated that he believes Bitcoin can reach a value of between US$750,000 (Rp11 billion) to US$1 million (Rp15 billion) by 2026.

Hayes' bullish prediction is based on several key factors. First, he referred to the potential economic downturn and financial crisis, which could push interest rates near zero. This creates favorable conditions for Bitcoin growth, as cryptocurrencies are often considered hedge against inflation.

In addition, Hayes underlined the importance of Bitcoin halling events. This is a process in which the payoffs given to Bitcoin miners are halvably reduced, which in history has led to price increases. Taking into account the upcoming halling events in 2024, Hayes projects that Bitcoin could reach around US$70,000 (Rp1 billion) by the end of the year.

Hayes stressed that the true bullish market for Bitcoin and other crypto assets will begin with the introduction of exchange-traded funds (ETF) by major asset managers in the US, Europe, and Hong Kong. He believes that this ETF, when introduced, could trigger a significant Bitcoin price spike.

Arthur Hayes also has an interesting view of the role of artificial intelligence (AI) in driving the Bitcoin bullish trend. He argues that AI's consistent use, such as ChatGPT, will be one of the drivers of Bitcoin growth. In his view, the AI revolution will naturally lead to Bitcoin and potentially push its price to close to $1 million in the next decade.

Although a number of crypto analysts and influencers agree with Hayes' optimism, it is important for investors to observe these predictions carefully and consider the risk factors that accompany them. Diversification and deep understanding of the crypto market remains key to managing investment wisely in this ever-changing world.