Bitcoin · 99Bitcoins
Hayes argues that Bitcoin’s path to $1 million runs through a financial crisis, not around one
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This bombshell dropped as Bitcoin currently trades for $64,100, up under +1% over the past 24 hours but still down -0.5% over the past week.
Key facts
- Hayes is cautious about the near-term Bitcoin outlook, projecting BTC could range between $60,000 and $70,000, with a potential dip to $50,000 before a credit-cycle recovery
- Furthermore, Hayes highlighted that about $1.5 trillion in AI-related debt was issued between 2022 and mid-2026, predominantly in 2025, suggesting that this influx of capital into AI has dampened
- This bombshell dropped as Bitcoin currently trades for $64,100, up under +1% over the past 24 hours but still down -0.5% over the past week
- Hayes also predicts Ethereum could peak between $100,000 and $200,000
Summary
Bitcoin News Today: Why Hayes Calls AI a Credit Story, Not an Earnings Story. In Bitcoin news today, BitMEX co-founder and Maelstrom Chief Investment Officer Arthur Hayes has made his most direct Bitcoin price prediction yet: $1M per coin, driven not by a crypto-native catalyst but by the collapse of what he calls the largest credit bubble in modern history. Hayes argues that Bitcoin’s path to $1M runs through a financial crisis, not around one, and that crisis hasn’t happened yet. BitMEX co-founder Arthur Hayes published a new essay, Situationship, arguing that the AI investment boom resembles a real estate buildout rather than a traditional technology… pic.twitter.com/0nmw1cnwk2.