Arthur Hayes Predicts Bitcoin Could Reach $15 Million After Powell
Arthur Hayes predicts Bitcoin could reach "multi-million" levels, possibly up to $15 million per coin, driven by US monetary policy changes. He argues that the Federal Reserve, led by Jerome Powell, faces political pressure that may lead to aggressive stimulus under a Trump administration.
Key Insights
- Hayes connects Bitcoin's future to potential inflationary policies if Powell is replaced or overruled.
- He suggests a strategy to convert trillions from offshore eurodollar systems into on-chain dollar stablecoins.
- This shift could allow the Treasury to issue bills without Fed constraints, potentially financing deficits significantly.
- Hayes estimates a pool of $10–13 trillion in eurodollars plus additional foreign retail deposits available for stablecoin conversion.
- The impact on crypto markets is expected to be bullish, with increased total value locked (TVL) in DeFi.
- Hayes remains invested and plans to buy Bitcoin on any significant market dips.
- Current Bitcoin price stands at $113,569.
