US sanctions could increase the price of bitcoin to one million dollars
Arthur Hayes, co-founder of Bitmax Exchange, says sanctions against Russia could push the situation to the point where the price of a bitcoin unit could reach $ 1 million. Hayes said US and EU sanctions would ultimately erode other countries’ trust in the current global monetary network and lead to the formation of a bitcoin and gold-dominated financial system. He believes that in the new financial system, the price of an ounce of gold will be $ 10,000.
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