Former BitMEX CEO Arthur Hayes Envisions Bitcoin Surpassing $760K as AI’s Preferred Currency
In an intriguing analysis, Arthur Hayes, the former CEO of BitMEX, predicts that Bitcoin (BTC), propelled by the burgeoning field of artificial intelligence (AI), could surge to an astonishing price of $760,000 per coin. In his recent essay titled “Massa,” Hayes argues that the inevitable AI revolution will naturally gravitate towards Bitcoin as the logical choice for the digital economy.
Hayes asserts that while fiat currencies are poised to face increasing dysfunction in the future, the AI sector is set to experience exponential growth and dominance. Advancements in computing power are rapidly propelling AI to a tipping point, where it will permeate every aspect of human existence, transforming society at an unprecedented pace.
Highlighting the extraordinary adoption rate of technologies like ChatGPT, which reached 100 million monthly active users in just two months, Hayes emphasizes that AI integration into everyday life will drastically accelerate, leading to profound transformations across various industries.
When considering the financial solution that AI is likely to embrace, Hayes dismisses the notion of creating a specialized AI-focused altcoin, asserting that Bitcoin is the logical choice due to its inherent qualities. Bitcoin’s immutable fixed supply, digital scarcity, and status as “energy money” align perfectly with AI’s requirements, as it is unlikely to depend on anything controlled by human governments. Hayes argues that only gold and Bitcoin, with their unique attributes, are suitable for AI adoption.
As AI technology matures, Hayes foresees a significant impact on Bitcoin’s price. While the effects may take around three years to materialize, the true network value boost from AI alone may take another decade to propel BTC/USD to nearly $1 million.
Hayes aims to establish a narrative that gains traction before the peak of what he refers to as “deranged growth investing,” expected to occur between 2025 and 2026. Depending on the scale of this investment wave, Bitcoin’s price could surge to as high as $760,000 per coin. Hayes concludes by emphasizing that market prices tend to soar when the shift from “impossible” to “possible” occurs, and the market recognizes the potential of his predictions.
Arthur Hayes is renowned for his optimistic long-term outlook on Bitcoin, previously advocating for a million-dollar price target as a consequence of fiat currency deterioration.