Bitcoin will hit $1 Million in 8 years Says Ex-BitMEX CEO, Arthur Hayes

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

In the last few weeks, crypto investors have been delighted as we have reported positive news about the Bitcoin market. The crypto market has been excellently improved and moved from bad to better recently.

Earlier, we pointed out that Bitcoin would soon break through the $21k resistance point, given the 4-hour chart of BTC/USD is bullish. While last week we reported how the market is being smothered in crimson, showing signs of life and breaking through the $21,000 barrier.

Also Read

However, in our findings today, a renowned crypto analyst, Arthur Hayes, ex-BitMEX CEO, has revealed that Bitcoin will finally hit $1 million in 8 years. The crypto analysis cited HODL culture as one of his major justification for the forecast.

According to Hayes, Bitcoin price will be able to reach this price level due to its HODL culture. Many Bitcoin holders and investors prefer to keep their assets rather than sell them, believing that the king coin’s value will rise. The HODL culture arose as a result of Bitcoin’s rapid exponential rise to trillion-dollar status.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

However, the largest cryptocurrency by market capitalization may soon have to find new ways to benefit its miners. This is because once all Bitcoin tokens have been mined, these miners will be unable to generate rewards. When this occurs, miners may be forced to rely on transaction fees.

Hayes also predicts that Bitcoin will enter the financial fabric of sovereign countries, with El Salvador serving as the first real test. This level of infiltration into these countries, according to the embattled fintech pioneer, will occur at an exponential rate.

Despite his optimism about Bitcoin’s long-term prospects, Hayes remains bearish on the cryptocurrency in the short term. Back in April, the American banker and entrepreneur based in Hong Kong predicted that Bitcoin would fall below the $30K mark by the end of June.

Additionally, Hayes attributed the drop to the Fed’s aggressive tightening policy. Besides, the former BitMEX CEO previously predicted that the altcoins would drop by more than 90%. According to Hayes, the market could bottom out before the Fed reverses course. Follow TechGenyz for more updates.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program
Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India POCO C50 Launched in India