Coin-Turk 3 minutes ago
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Arthur Hayes, the co-founder of BitMEX, argues that Bitcoin 
$94,117 could significantly appreciate and reach seven-figure valuations in the coming years. In an interview with Tom Bilyeu, founder of Impact Theory, Hayes suggested that Bitcoin’s value could increase by over 950% from its current price within three to five years.
Bitcoin’s Limited Supply and Store of Value Potential
Hayes emphasized the importance of Bitcoin’s fixed supply, with only 21 million coins to ever be produced, which he believes will help maintain its value over the long term. He predicts that interest in Bitcoin will rise not only from major institutions like BlackRock and MicroStrategy but also from individual traders.
Increase in Global Money Supply and Demand for Bitcoin
He noted that governments would continue to expand the money supply, which would drive demand for Bitcoin as an inflation hedge. Hayes questioned the logic of selling Bitcoin for fiat currency, stating that as Bitcoin’s value increases, fewer people will be incli…
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