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Arthur Hayes, one of the founders of BitMEX exchange, who frequently makes the headlines with his statements, said that we are at the beginning of the bull season.
Bitcoin Target is 1 Million Dollars
Arthur Hayes, one of the founders of BitMEX cryptocurrency exchange, who is frequently mentioned for his articles, television appearances, and analyses, and who later resigned from the company, said in his statement that the cryptocurrency market is at the very beginning of the bull season, and that Bitcoin could go up to 1 million dollars.
In line with his price target, Hayes, pointing to the US elections and inflationary environment, added that he couldn’t understand why people did not find these levels realistic.
Since 2009, apart from the Covid-19 pandemic, the US economy has been constantly growing, real returns have been negative since the global financial crisis, investors have turned to alternative investment instruments, and for this reason, investors have been turning to Bitcoin for many years, he added to his statements.
With the approval of Bitcoin spot ETFs, crypto has entered the traditional system and traditional investors are now positive about Bitcoin, he said.
Hayes, saying that people can’t imagine, stated that the US elections will bring a large influx of money and it is not unreasonable for Bitcoin to rise to 1 million dollars in the bull season.
Expecting an Increase in Artificial Intelligence
Towards the end of the program, Hayes announced that he was expecting an increase in artificial intelligence coins, and among the coins he expects to increase in the bull season, he mentioned Filecoin and Pendle.