In a blog post, Arthur Hayes, co-founder and former CEO of Bitmex, predicts that bitcoin could reach $1 million due to President Trump's economic policies. Hayes believes that Trump's massive credit expansion policies will lead to inflation, prompting investors to seek alternative assets like bitcoin. He also suggests that the limited supply of bitcoin will contribute to its increasing value. Hayes emphasized that demand for hard assets will rise, with bitcoin being the preferred inflation hedge. He speculates that bitcoin and the broader crypto market could experience rapid growth similar to that seen during the pandemic. Hayes concludes by questioning the magnitude of the credit expansion and how it could drive bitcoin to new highs as investors turn to it as a safeguard against fiat currency debasement.



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