BitMEX co-founder Arthur Hayes predicts that Bitcoin could reach a price of $1 million by the end of the current market cycle due to the massive expansion of monetary supply by governments globally. He believes that the global financial system is transitioning, and governments will print an unprecedented amount of money to resist the change. Hayes estimates that the current bull market may last until 2026 or 2027. Despite some altcoins seeing a decline, the overall crypto market cap is still higher than it was over a year ago, indicating that the upward trend continues. Bitcoin is currently trading at $94,244, down 1.8% in the last 24 hours.



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