Arthur Hayes, co-founder of BitMEX believes that the Federal Reserve will inject massive amounts of liquidity in the US economy.
Hayes, in an interview with the David Lin Report said that, between now and the year 2028, the US will receive liquidity of “nine trillion dollars” which, at first, would flow into traditional sectors, before eventually trickling into risky assets like Bitcoin (BTC).
“…And i think that the banks will be free because now they don’t need to keep all these equity capital on their Treasury book. They can loan more to the real American Economy. You’ll see an increase in the number of manufacturing loans, which again, is credit. This will also be reflected in crypto .”
BitMEX’s co-founder claims that Bitcoin prices could soar by 139% by the end the year. Hayes Bitcoin may increase by nearly 10 times in 2028.
It is my belief that I will reach $250,000 before the end of this year. There will be bumps along the road, of course. That’s my sort of end-of year price target. Then a Bitcoin worth $1,000,000 .”
Hayes explains why Bitcoin may outperform risky assets due to the anticipated injection of liquidity.
Bitcoin is a finite supply. The market is obviously much smaller in terms of the market capital. You have many things trying to get into a small space, and the price rises on the margin. So that is why Bitcoin was the most successful financial asset over the past 15 years .”
Bitcoin currently trades at $104,462 as of the time this article was written.
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As new information becomes available, the post US Government will Print $9,000,000,000,000 – Arthur Hayes on Why He Thinks Waves of Cash Will Flood Into Bitcoins and Cryptos may change.
