Arthur Hayes predicts that Bitcoin could soar to $1 million if the U.S., under Donald Trump’s potential economic policies, engages in extensive deficit spending. This would involve massive stimulus injections aimed at reducing the rising US debt, thus propelling Bitcoin's value significantly higher.
Deficit-led financial strategies might boost investment in cryptocurrencies as an inflation hedge, leading to a substantial increase in Bitcoin's price, according to Hayes. He believes such economic measures could act as a catalyst for Bitcoin's unprecedented growth.
