Arthur Hayes, former CEO of crypto exchange BitMEX, has predicted that by 2026 the price of Bitcoin will be between $750,000 and $1 million. According to him, this will happen due to the limited issuance of the asset, the prospect of approval of spot Bitcoin ETFs as well as geopolitical uncertainty. Hayes has said: “I think it will be the biggest boom in financial markets we have ever seen in human history. Bitcoin will have a ridiculous price, Nasdaq will have a ridiculous price, S&P will have a ridiculous price. Pick your stock industry.” Hayes believes the price of Bitcoin could reach $70,000 next year. Hayes ruled out in May that Bitcoin will reach a new all-time high before the end of the year, but predicted the asset could rally again in 2024. He said last month that Bitcoin has been in an uptrend since March and will reach new momentum in the next 6-12 months.
