Arthur Hayes says Bitcoin could hit $250,000; here's the reason he cited
Maelstrom, predicted that Bitcoin is on track to reach $250,000 and claimed it's only a stepping stone toward even bigger gains.
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In Scott Melker's podcast, Hayes explained that the global economic pressures forcing governments to print massive amounts of money will devalue fiat currencies, setting the stage for Bitcoin's surge.
Economic strategy
According to Hayes, Trump and his team are working to reshape the world around the US, but achieving this will require printing vast amounts of money. He said «It requires destroying the real value of government bonds in the United States,» quoted The Street.
Hayes claimed that governments worldwide, including the US, China, Japan, and Europe, are all facing the same economic pressures and will have no choice but to flood their markets with liquidity.
According to him, economic strategies initiated by the US government, mimicked later by China, followed by Europe, will inevitably cause a dramatic surge in Bitcoin. For Hayes, Bitcoin is «the only free market left,» as quoted by The Street.
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