Summary:<\/p>\n
The Co-founder and former CEO of Bitmex, Arthur Hayes, has forecasted that Bitcoin<\/a> could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade.<\/p>\n Mr. Hayes’ forecast of Bitcoin and Gold was shared in his most recent Medium blog post<\/a> where he explained that the values he quoted are hinged upon what he called ‘the Doom Loop’ happening in the United States. The Doom Loop will occur due to the Federal Reserve<\/a> starting to pay more interest on its debt than it receives in tax receipts. He said:<\/p>\n The Federal government will soon pay more in interest on its debt than it receives in tax receipts if it\u2019s forced to pay an interest rate that is much higher than today\u2019s.<\/p>\n That is the start of an insolvency doom loop. The obvious solution is to redirect the Fed off of its inflation-fighting path towards one of accommodation once more. Accommodation will come in the form of explicit price fixing of the Treasury curve, which is euphemistically called Yield Curve Control (YCC).<\/p><\/blockquote>\n According to Hayes<\/a>, World War II gave the Fed and the US Treasury a point of reference for Yield Curve Control.\u00a0 Back then, the Fed and US Treasury<\/a> ‘colluded to fix the 10-year treasury yield and cap retail bank deposit rates so that real rates were extremely negative.’ Consequently, it will follow a similar path now as it did back then.<\/p>\n As a result, the negative real rates will allow the US government to ‘inflate away the debt.’ He said:<\/p>\nBitcoin to hit $1M Due to The US Federal Reserve Heading Towards a Doom Loop<\/h2>\n
Yield Curve Control is How Bitcoin will Get to $1 Million<\/h2>\n
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