Arthur Hayes: U.S. Debt Reduction Could Propel Bitcoin to $1 Million

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7 months ago bitnews

Arthur Hayes: U.S. Debt Reduction Could Propel Bitcoin to $1 Million BitMEX co-founder Arthur Hayes has suggested that efforts to reduce the U.S. debt-to-GDP ratio could drive Bitcoin’s price to $1 million. In a recent blog post titled “Black or White?”, Hayes highlighted Bitcoin’s role as a hedge against fiat currency devaluation, noting that Bitcoin