Crypto Policies Take Center Stage at Republican Presidential Debate
The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users.
The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users.
Last month, Hayes made a similar forecast, noting that Bitcoin could reach from $750,000 to $1 million towards the end of the current decade.
Hayes has always maintained an optimistic outlook on Bitcoin and remains one of the market analysts who believes the best is yet to come for the premier cryptocurrency. He believes we will see a $1 million price tag for the coin in the long term.
Hayes predicts that the torrent of money will flow into the hands of technology companies, particularly those in the burgeoning field of AI.
Hayes based his bullish prediction on several key factors. He pointed to the potential economic downturn and financial crisis, which could lead to near-zero interest rates, creating favorable conditions for Bitcoin’s growth.
Hayes believes that it may take the market another six to 12 months to fully respond to the bull run.
The Bitcoin price has once again retraced back to $26,000 after some recovery pump earlier this week. On the technical chart, BTC continues to show bearish momentum with its price dropping under the 200-day moving average (DMA).
Hayes says ETH will skyrocket sometime in the next few years as the AI revolution strengthens and DAOs begin to form.
Partnerships between soccer clubs and companies involved in crypto business are not new. They help boost the brand awareness of both the parties, creating new opportunities for business growth.
According to former banker and BitMex co-founder Arthur Hayes, Bitcoin has a very high chance of becoming the ultimate currency of artificial intelligence.