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BitMEX founder Arthur Hayes gave a $1 million target for Bitcoin (BTC).

Participating in the latest episode of “The Wolf of All Streets” podcast, Arthur Hayes attracted attention with his remarks. Spotlighting the rise of Bitcoin to $70,000 by the power of spot Bitcoin ETF waves, he predicted that this bullish run would take the price to $1 million.

Stating that people do not have enough imagination about what Bitcoin can do, he said that in a reality where only spot ETFs create such a rise, everything is possible.

Hayes, stating that the bull market has just begun, emphasized that prices can rise to levels that nobody can believe:

My target for this bull market is $1 million. I don’t think people have enough imagination. Why did we see a quick increase to $70,000? Because now a group of people can just check a box and buy a Bitcoin ETF. The bull market has just begun, and I don’t think people can imagine where prices can go.

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