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Bitcoin News Alerts | Daily BTC News

882: HERE’S WHAT WILL PUSH BITCOIN TO $1 MILLION PER COIN, ACCORDING TO BITMEX CO-FOUNDER ARTHUR HAYES!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 24 March 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Bitcoin is still in what some refer to as the ‘early innings’ meaning that the value of the king cryptocurrency is far from where they believe it will be in the future. This has birthed some rather optimistic predictions for the digital asset. The latest of these predictions has come from BitMex co-founder Arthur Hayes who sees the pioneer crypto (BTC) reaching as high as $1 million per coin. He explains that the growth in gold would also see Bitcoin grow rapidly, saying; “As gold marches its way above $10,000, bitcoin will march its way to $1,000,000. The bear market in fiat currencies will trigger the largest wealth transfer the world has ever seen.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Bitcoin price almost clears 43,500 with Terra-125 million dollar Bitcoin buy-ins,

0:06.9

gathering pace. In today's show, I'll be breaking down the latest technical analysis.

0:10.7

And as crypto analyst, credible crypto, shares here, sub-40,000 dollar Bitcoin sellers,

0:15.5

sweating right now is $125 million chunks of fiat being deployed into Bitcoin 10% higher than they were sold. And as

0:22.9

Pentoshi shares here, 2,500 to 3,000 Bitcoin per day as supply removed over long period of time

0:29.0

equals huge impact. Those who are short have to cover higher at some point as supply itself

0:34.0

dissipates. What is scarce becomes more so. This clip can bring back the apes in which

0:38.4

Duquan is the lord of the apes. And speaking about the Terra slash Luna founder, he was asked by Adam

0:44.1

back, where's the $10 billion coming from in which he responded? It's not $10 billion today.

0:48.4

As UST money supply grows a portion of the senior age, will go to build Bitcoin reserves,

0:53.3

bridge to the Terra chain.

0:55.0

We have three billion in funds ready to cede this reserve. But technical infrastructure,

0:59.1

such as bridges, et cetera, still not ready yet. And this just in breaking news, the president of El Salvador,

1:05.6

Najibokale tweeted, the U.S. government does not stand for freedom. And that is a proven fact.

1:10.8

So we will stand for freedom. Game on, Bitcoin is FU money. Never in my wildest dreams would I have thought that the U.S. government would be afraid of what we're doing here. And this just in breaking news, the fourth largest city in New Hampshire. Now lets residents pay their bills in Bitcoin and crypto. Let's go. Also breaking news,

1:29.9

Honduras's central bank pushes back against the legal tender rumors and says Bitcoin is not regulated.

1:36.1

And this just in, Florida Governor DeSantis confirms that the state is working on a plan to let

1:40.8

businesses pay for their taxes in Bitcoin and crypto. And quoting him right here,

1:45.7

I've told the state agencies to figure out ways where if a business wants to pay tax and cryptocurrency

1:50.8

to Florida, we should be willing to accept that. We're working through that. And he also says,

1:55.2

I think a way to mainstream Bitcoin is for governments, not to be hostile to it, but instead

1:59.8

embrace the benefit of the technology.

...

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