Can Bitcoin reach $1M? Arthur Hayes thinks so, and here’s why
Highlighting Bitcoin’s potential as a hedge against fiat devaluation, Hayes noted its impressive 400% growth since 2020. He further explained that reducing the debt-to-GDP ratio from its current 132% to 115% would require around $4 trillion, while returning to pre-2008 levels (around 70%) would necessitate $10.5 trillion.