‘Very, Very High’—$20 Trillion Bitcoin Predicted As ‘Stampede’ Suddenly Sends Price Soaring

 ‘Very, Very High’—$20 Trillion Bitcoin Predicted As ‘Stampede’ Suddenly Sends Price Soaring

Bitcoin has bounced back from a huge price crash this week—though crypto exchange Coinbase has issued serious warning to users.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and "uncover blockchain blockbusters poised for 1,000% plus gains" in the aftermath of bitcoin's halving earthquake!

The bitcoin price has swung from highs of $70,000 per bitcoin last month to lows of under $50,000 on Monday. The rebound, coming along with a stock market rally, has been helped by two of former U.S. president Donald Trump's sons, Eric and Don Jr., have teased a "big" crypto announcement.

Now, after Trump floated a radical plan to solve the U.S. debt crisis, legendary trader Arthur Hayes has predicted the bitcoin price could soar to $1 million—something that would give bitcoin a market capitalization of $20 trillion.

Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run

‘Very, Very High’—$20 Trillion Bitcoin Predicted As ‘Stampede’ Suddenly Sends Price Soaring

Billy Bambrough

Senior Contributor

I write about how bitcoin, crypto and blockchain can change the world.

Bitcoin has bounced back from a huge price crash this week—though crypto exchange Coinbase has issued serious warning to users.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and "uncover blockchain blockbusters poised for 1,000% plus gains" in the aftermath of bitcoin's halving earthquake!

The bitcoin price has swung from highs of $70,000 per bitcoin last month to lows of under $50,000 on Monday. The rebound, coming along with a stock market rally, has been helped by two of former U.S. president Donald Trump's sons, Eric and Don Jr., have teased a "big" crypto announcement.

Now, after Trump floated a radical plan to solve the U.S. debt crisis, legendary trader Arthur Hayes has predicted the bitcoin price could soar to $1 million—something that would give bitcoin a market capitalization of $20 trillion.

Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run

"The bitcoin price in this cycle is going to go very, very high," Hayes, a cofounder of bitcoin and crypto derivatives pioneer BitMex, told DLNews. "Hundreds of thousands of dollars, maybe $1 million."

Hayes, who now runs the Maelstrom Fund family office, said he believes the world is "entering a period where the global monetary architecture is completely changing."

Earlier this week, as the unwinding of the Japanese yen so-called carry trade tanked the bitcoin price, crypto and stock markets, Hayes predicted U.S. Treasury secretary Janet Yellen would be forced tointerve in a future financial crisis and "fix it with printed money."