Analyst Predicts Bold Future For Bitcoin Amid Major Move From Central Banks

Arthur Hayes, co-founder and former CEO of crypto derivatives trading platform BitMEX, is forecasting a massive rally for Bitcoin (CRYPTO: BTC), adding that he predicts a $1 million price tag for BTC. In making his claim, Hayes cited the People’s Bank of China’s reduction of its Reserve Ratio Requirement (RRR) by 0.25%.