{"id":323,"date":"2022-04-28T14:52:52","date_gmt":"2022-04-28T14:52:52","guid":{"rendered":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-could-hit-1m-and-gold-10k-to-20k-by-2030-former-bitmex-ceo\/"},"modified":"2022-04-28T14:52:52","modified_gmt":"2022-04-28T14:52:52","slug":"bitcoin-could-hit-1m-and-gold-10k-to-20k-by-2030-former-bitmex-ceo","status":"publish","type":"post","link":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-could-hit-1m-and-gold-10k-to-20k-by-2030-former-bitmex-ceo\/","title":{"rendered":"Bitcoin Could Hit $1M and Gold $10k to $20k by 2030 \u2013 Former Bitmex CEO"},"content":{"rendered":"<div>\n<div>\n<p>Summary: <\/p>\n<ul>\n<li>Arthur Hayes has forecasted that Bitcoin could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade<\/li>\n<li>Mr. Hayes&rsquo; forecast of Bitcoin and Gold is based on an event he describes as &lsquo;the Doom Loop&rsquo;<\/li>\n<li>The Doom Loop is when the US Federal Reserve starts to pay &lsquo;more in interest on its debt than it receives in tax receipts&rsquo;<\/li>\n<li>Accommodating the Doom Loop will involve the Fed easing its measures in fighting inflation<\/li>\n<\/ul>\n<p>The Co-founder and former CEO of Bitmex, Arthur Hayes, has forecasted that <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\" rel=\"noopener\" target=\"_blank\">Bitcoin<\/a> could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade.<\/p>\n<h2> Bitcoin to hit $1M Due to The US Federal Reserve Heading Towards a Doom Loop<\/h2>\n<p>Mr. Hayes&rsquo; forecast of Bitcoin and Gold was shared in his most recent <a href=\"https:\/\/cryptohayes.medium.com\/the-doom-loop-161a42bbcd50\" rel=\"nofollow noopener\" target=\"_blank\">Medium blog post<\/a> where he explained that the values he quoted are hinged upon what he called &lsquo;the Doom Loop&rsquo; happening in the United States. The Doom Loop will occur due to <a href=\"https:\/\/en.ethereumworldnews.com\/the-problem-is-not-elon-or-bitcoin-it-is-the-fed-robert-kiyosaki\/\" rel=\"noopener\" target=\"_blank\">the Federal Reserve<\/a> starting to pay more interest on its debt than it receives in tax receipts. He said: <\/p>\n<blockquote>\n<p>The Federal government will soon pay more in interest on its debt than it receives in tax receipts if it&rsquo;s forced to pay an interest rate that is much higher than today&rsquo;s.<\/p>\n<p>That is the start of an insolvency doom loop. The obvious solution is to redirect the Fed off of its inflation-fighting path towards one of accommodation once more. Accommodation will come in the form of explicit price fixing of the Treasury curve, which is euphemistically called Yield Curve Control (YCC).<\/p>\n<\/blockquote>\n<h2> Yield Curve Control is How Bitcoin will Get to $1 Million<\/h2>\n<p>According to <a href=\"https:\/\/en.ethereumworldnews.com\/bitmexs-hayes-ethereum-to-10k-and-solana-to-200\/\" rel=\"noopener\" target=\"_blank\">Hayes<\/a>, World War II gave the Fed and the US Treasury a point of reference for Yield Curve Control.&nbsp; Back then, the Fed and <a href=\"https:\/\/en.ethereumworldnews.com\/us-treasury-ofac-blacklists-crypto-addresses-of-chinese-narcotics-kingpins\/\" rel=\"noopener\" target=\"_blank\">US Treasury<\/a> &lsquo;colluded to fix the 10-year treasury yield and cap retail bank deposit rates so that real rates were extremely negative.&rsquo; Consequently, it will follow a similar path now as it did back then.<\/p>\n<p>As a result, the negative real rates will allow the US government to &lsquo;inflate away the debt.&rsquo; He said: <\/p>\n<blockquote>\n<p data-selectable-paragraph=\"\" id=\"9e4d\">If you want to learn more about this and how it spurred the creation of the Eurodollar market, read up on&nbsp;<a href=\"https:\/\/thebusinessprofessor.com\/en_US\/banking-lending-credit-industry\/regulation-q-explained\" rel=\"nofollow noopener\" target=\"_blank\">Regulation Q<\/a>&hellip;<\/p>\n<p>YCC is the end game. When it is finally implicitly or explicitly declared, it&rsquo;s game over for the value of the USD vs. gold and more importantly Bitcoin.&nbsp;YCC is how we get to $1 million Bitcoin and $10,000 to $20,000 gold.&nbsp;There is no other politically palatable option, and the actions against Russia all but assure that YCC is coming sooner than you think.<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-could-hit-1m-gold-10k-20k-by-2030-former-bitmex-ceo\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Arthur Hayes has forecasted that Bitcoin could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade Mr. Hayes&rsquo; forecast of Bitcoin and Gold is based on an event he describes as &lsquo;the Doom Loop&rsquo; The Doom Loop is when the US Federal Reserve starts to pay &lsquo;more in interest on its debt than it receives in tax receipts&rsquo; Accommodating the Doom Loop will involve the Fed easing its measures in fighting inflation The Co-founder and former CEO of Bitmex, Arthur Hayes, has forecasted that Bitcoin could get to $1 million and Gold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[18,126],"_links":{"self":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/323"}],"collection":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/comments?post=323"}],"version-history":[{"count":0,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media\/324"}],"wp:attachment":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media?parent=323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/categories?post=323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/tags?post=323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}