According to a recent blog post, Arthur Hayes predicted that the Bitcoin price would reach $1 million within this decade.
Hayes expects inflation to continue to worsen for Western countries, which have already topped a 40-year high exacerbated by the conflict in Ukraine.
Hayes wrote that investors will increasingly turn to “storable commodities,” such as Bitcoin and gold.
The ECB is trapped, the EU is finished, and within the decade we will be trading Lira, Drachmas, and Deutschmarks once more…As the union disintegrates, money shall be printed in glorious quantities in a pantheon of different local currencies.
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