Arthur Hayes, co-founder of crypto exchange BitMEX, believes that the Federal Reserve System’s new bank financing program will be beneficial for the US economy and also attract investors to alternative instruments such as Bitcoin.
He is of the view that this scheme will cause Bitcoin to aggressively pump and surge up to the psychological mark of $1 million.
This view has been echoed by Balaji Srinivasan, the former top management of Coinbase, who claimed that within the next three months, BTC could potentially reach $1 million due to institutional investors entering the digital asset market.
