Bitcoin Price to Hit $1 Million: Bitmex Co-founder

Arthur Hayes, co-founder of BitMEX, has predicted a bold future for Bitcoin (BTC) amidst the financial woes of the New York Community Bank (NYCB)

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Hayes believes NYCB's credit downgrade signals systemic issues in traditional banking and therefore believes Bitcoin could have a great future

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Hayes foresees Bitcoin reaching $1 million, offering a hedge against traditional banking instability

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Hayes also believes Bitcoin is poised to rally significantly due to the upcoming halving event in April

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