Arthur Hayes, a controversial figure in the cryptocurrency world, has made a highly bold bullish prediction for Bitcoin following US President Donald Trump’s new move targeting the housing market.
In his latest statement, Trump announced that he has instructed his representatives to purchase $200 billion worth of mortgage-backed securities (MBS) to lower mortgage interest rates and make homeownership more accessible. Trump stated that this move would reduce monthly mortgage payments and restore housing accessibility, which he claims the Biden administration “destroyed.”
Following the announcement, Arthur Hayes made a noteworthy post on his social media account. Hayes suggested that Bitcoin could rise to $1 million as a result of this development. In his post, Hayes directly referenced Trump’s decision, implying that such large-scale liquidity measures would be a powerful catalyst for risky assets, and especially Bitcoin.
According to market commentators, Trump’s MBS purchase order could indirectly have a loosening effect on financial conditions. This, as in the past, could pave the way for investors to turn to Bitcoin as a hedge against inflation and an alternative store of value.
*This is not investment advice.