Arthur Hayes Forecasts Bitcoin Decline Before Hitting $1 Million by 2026
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Arthur Hayes predicts Bitcoin will decline 30% in the short-term to a range of $30,000-$35,000 due to uncertainty around the Bank Term Funding Program renewal.
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Hayes believes Bitcoin will rebound after the funding program announcement, with the Fed likely cutting rates and printing money.
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In July 2023, Hayes predicted Bitcoin would reach $70,000 by end of 2024 due to decreasing rates, the Bitcoin halving, and spot BTC ETFs.
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Hayes forecasts Bitcoin hitting $750,000-$1 million per coin by 2026.
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Other analysts also have bold 6-figure predictions for Bitcoin, like Messari ($600,000), VanEck ($275,000), and ETC Group ($100,000).