Former BitMEX CEO Arthur Hayes speculates that Bitcoin may undergo an exponential rise after the Trump administration potentially prints $15.32T in money by 2028 to pay back its debt.
Hayes calculated that $BTC could rise to $3.4M because of this.
One way to achieve this is to print $15.32T in the next three years to pay back old debts. This will lead to the country’s debt ballooning, which could then weaken the USD and cause countries holding US treasuries to shift to other investments like gold and crypto.
A devalued US dollar could benefit Bitcoin because it’s a natural hedge against inflation, and a good alternative to devaluing fiat for an increasing number of investors.
Although Hayes calculated that Bitcoin could theoretically go up to $3.4M by 2028, he’s doubtful about it, but ‘the number will be markedly higher than the ~$115,000 that it trades at today.’
Hayes’ statement further solidifies the narrative that Bitcoin is the wave of the future. That said, its current iteration is beset with issues.
As great as Bitcoin is, its blockchain is notoriously slow, able to process only seven transactions per second compared to Solana’s 65K. This makes transactions very expensive.
It also have very limited utility. Currently, $BTC only works as a store of value and not much else.
To make this a reality, the project team is running a presale of its native $HYPER token. Priced at $0.012965 each, it’s your key the entire $HYPER ecosystem after it launches. That includes paying for gas fees, enjoying governance rights, and accessing exclusive features.
Alternatively, you can stake your tokens for 65% p.a., although this can still change as more investors stake their tokens.
Disclaimer: Do your own research. This is not investment advice.
