Why Ditching U.S. Treasuries Now Could Fuel Bitcoin’s 10X Rally to $1 Million

By: cryptosheadlines|2025/05/10 17:15:06
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com – Advertisement –Hayes warns against U.S. Treasuries as dollar weakens; BTC and gold gain favor amid inflationary money-printing policies.Bitcoin’s $103K price could rise 10x if liquidity trends persist, positioning it as a hedge against currency devaluation.BitMEX co-founder Arthur Hayes predicts Bitcoin could reach $1 million by 2029, citing expanding global money supplies as a key driver. In a recent interview, Hayes linked Bitcoin’s potential growth to central banks increasing currency circulation, a trend he believes will elevate demand for scarce assets like BTC.Hayes argues that rising fiat liquidity creates favorable conditions for Bitcoin. Central banks worldwide have escalated money printing in response to economic pressures, a practice Hayes claims devalues traditional currencies. “More fiat money chasing a scarce asset,” he stated, framing Bitcoin as a hedge against depreciation.“I think it’s a great time to be in the crypto ecosystem because we have sort of this reflation happening across the world. More fiat money chasing a scarce asset and the bull market’s going to continue. And I think it’s going to be a fun party.”Bitcoin currently trades at $103,045, a level Hayes views as a baseline for upward movement. His projection of a tenfold increase by 2029 aligns with the hypothetical end of a second Trump presidency, though he acknowledges potential volatility.Hayes also addressed the U.S. dollar’s outlook, suggesting it will lose value against both gold and Bitcoin. He cautioned against holding U.S. Treasuries, citing oversupply and diminishing returns. “Treasuries are the worst asset to own,” he said, advocating instead for alternatives resistant to inflationary policies.Implications for InvestorHayes’ outlook hinges on macroeconomic trends rather than short-term market shifts. He positions Bitcoin as a long-term store of value, contrasting it with traditional financial instruments vulnerable to policy changes. While his $1 million target draws attention, it assumes sustained liquidity growth and institutional adoption.“I think the dollar depreciates against gold, the dollar depreciates against Bitcoin. US Treasuries are probably the worst thing to own versus any other sort of financial asset out there, as they need to devalue because there’s too much out there.”ETHNews analysts note that Hayes’ views reflect broader debates about fiat stability and crypto assets. Critics argue that regulatory hurdles or economic shifts could alter Bitcoin’s path, but Hayes maintains that currency devaluation will persist, favoring hard-capped assets.Bitcoin (BTC) – Updated Price & Market Analysis – May 2025Source: BTC/TradingviewBitcoin (BTC) is currently trading at $103,268, with a +0.27% daily gain, continuing its strong upward trend after surpassing the psychological milestone of $100,000. Over the past week, BTC is up +6.49%, with a +24.97% rise in the last month, and a +63.65% increase year-over-year. Bitcoin’s market cap now stands at $2.05 trillion, backed by a solid $39.2 billion in 24-hour trading volume, underscoring growing institutional participation.From a technical standpoint, BTC is maintaining its position inside an ascending channel, confirming the strength of the macro uptrend. Immediate resistance lies at $104,000–$109,500, near its current all-time high.Source: BTC/TradingviewStrong support has been established around $100,000, a zone that now serves as a key psychological and technical level. A sustained close above $104,000 could push Bitcoin into the next leg toward $112,000–$116,000.On the fundamental side, Bitcoin is seeing continued support from institutional adoption. Key recent developments include:Coinbase launching 24/7 CFTC-regulated BTC futures trading starting May 9 for U.S. investors.Governmental support: Taiwan and Ireland have proposed including Bitcoin in national strategic reserves.Corporate accumulation remains high, and the U.S. Strategic Bitcoin Reserve program is driving liquidity inflows.If BTC closes above $104,000 with volume confirmation, it is projected to reach $108,600 within the next 5–7 days, backed by ETF inflows, macro bullish structure, and institutional futures expansion.Source link

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