Arthur Hayes: The successful experience of the U.S. Bitcoin ETF is worth learning from for South Korea, suggesting that Korean crypto investors actively engage in dialogue with the government.

According to a report by BLOCKMEDIA on December 3rd, BitMEX co-founder Arthur Hayes stated during his remote speech at the blockchain summit Block Festa that Bitcoin's price is expected to break $100,000 within the year and could reach $1 million within five years. Hayes emphasized that South Korea, as one of the most important cryptocurrency trading markets globally, may see its virtual asset taxation policies impact market growth and suggested that Korean crypto investors should actively engage in dialogue with the government. Regarding the South Korean market, Hayes noted that currently only local individuals can trade on major exchanges, but as market liquidity increases, banks and asset management companies are expected to participate and launch related products. He believes that the successful experience of Bitcoin ETFs in the U.S. is worth learning from for South Korea, 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 that requires cryptocurrency as a medium of exchange. He cited the market performance of tech giants like Nvidia as an example, suggesting that AI, as a new form of life, will need an independent monetary system. Additionally, Hayes noted that the trading volume on the meme coin platform of the Aptos blockchain has reached several tens of millions of dollars, demonstrating the vitality of the crypto market.