Degen

Hayes: Bitcoin at $1.8M and the Future of Global Reserves

Arthur Hayes’ new essay “The Genie” presents several key points:

⚠️ Risk: Holding BTC in reserves is dangerous—future administrations could liquidate it.
🔹 Solution: Keep the dollar for trade, BTC as the reserve asset.
💰 Prediction: Bitcoin will become the global reserve asset at $1.8M.
🔋 U.S. advantage: Strong mining potential due to energy and chip production.
📈 BTC’s rise to $110K is fueled by overconfidence in Trump’s policies.

Crypto enthusiast 🦇 tech-lover 🧑🏻‍💻

Bold prediction, but the continued adoption of Bitcoin isn’t that simple — political and regulatory factors are underestimated 330 $degen