Deep Tide TechFlow News, on December 3rd, according to BLOCKMEDIA, BitMEX co-founder Arthur Hayes said during a remote speech at the blockchain summit Block Festa that Bitcoin's price is expected to break $100,000 this year and may reach $1 million within 5 years. Hayes emphasized that South Korea, as one of the most important cryptocurrency trading markets globally, may have its market growth impacted by its virtual asset taxation policy, and he suggested that South Korean crypto investors should actively engage in dialogue with the government.
Regarding the South Korean market, Hayes stated that currently, only local individuals in South Korea can trade on major exchanges. As market liquidity increases, banks and asset management companies are expected to participate and launch related products. He believes that the successful experience of the U.S. Bitcoin ETF is worth South Korea's reference, while reminding investors to remain patient and understand the impact of changes in global monetary policy.
On industry development, Hayes pointed out that artificial intelligence will become a new type of economy and will require cryptocurrency as a medium of exchange. He cited the market performance of tech giants like Nvidia as an example, believing that AI, as a new form of life, will need an independent currency system. Additionally, Hayes noted that the trading volume on the Aptos blockchain's meme coin platform has reached tens of millions of dollars, demonstrating the vitality of the crypto market.
