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Benzinga
Benzinga
Business
Samyuktha Sriram

Bitcoin At $1M By 2030: Crypto Entrepreneur Details 'Doom Loop' Theory

Arthur Hayes Bitcoin Bitmex Crypto

Arthur Hayes, the billionaire founder of cryptocurrency exchange BitMEX, has a new theory about how Bitcoin’s (CRYPTO: BTC) price could breach $1 million.

What Happened: In a new blog post on Medium, Hayes outlined how a phenomenon he calls “The Doom Loop” would ultimately see Bitcoin valued 2,500% higher than its current price.

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