In a new development, BitMEX co-founder Arthur Hayes, who seemed likely to have come to terms with what an AI model can achieve in the Ethereum blockchain, especially regarding the token’s price, has come out with a timeline blog post titled, “Moai,” to drive his point.

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In the blog post, Arthur argued that by integrating the decentralized organization (DAO) structure, humans, and AI technology into a single entity, the economy will get a significant boost as the DAO is not under the control of any state. Also, AI inventions will enjoy the same liberty as DAO, as both are outside the state’s power and can not be penalized or forced to abide by set-down financial regulations.

In addition, due to the total freedom, these setups will enjoy the liberty of trading tokens on Decentralized Exchanges (DEXs), not backed up by traditional Centralized Exchanges (CEXs).

Arthur Hayes: Ethereum (ETH) To Hit 5-Figure In 5 Years

Arthur believes that if the analogy described above eventually plays out, Ethereum transactions will witness significant growth in terms of proliferation, culminating in catapulting ETH market value to an unprecedented high.

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Aside from having natural monopolies over the trading of specific types of cryptos, Arthur noted that if the DEX trading volume succeeds in reaching 20% of the conventional stock exchange volume printed in 2022, ETH could spike from its current price of about $1,872.58 to almost $31,000, which implies a spike of 1,556%.

“Given the market is forward-looking, I want to guestimate the percentage that will be reached 5 years into the future. I am not concerned about getting this number exactly right. I want to be directionally correct and profit as the narrative shifts from “won’t happen” to “might happen,” Arthur remarked.

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According to Hayes in a new article, Bitcoin (BTC) has the potential to trade at millions of dollars level in the future because governments around the world will not cease from devaluing their respective currencies through continued money printing.

Read Also: $1.2 Billion Worth of Bitcoin Moved Away From Coinbase in a Week, Institutional Demand on the Increase

The CEO stated that due to fiat currencies devaluation, commodities such as Gold and Bitcoin are expected to experience a massive rise in price:

“As gold marches its way above $10,000, bitcoin will march its way to $1,000,000. The bear market in fiat currencies will trigger the largest wealth transfer the world has ever seen.”

In the article, Hayes notes that Bitcoin (BTC) has an advantage over other comparable commodities, such as gold, when it comes to ease of storage and mobility.

Arthur Hayes noted:

“For a single Bitcoin, my unit is in the millions… There is no government, ever, that resisted the temptation to print money in order to pay its bills and placate its citizens. The government will never voluntarily go bankrupt. This is axiomatic. I challenge you to contradict me with evidence…

 “Therefore, if your time horizon is in the years, it’s time. If you mess with the bull, you get the horns. Remember: it’s not gold or Bitcoin that is increasing in price, it’s a decrease in value of the fiat currency in which they are priced…

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“If you fully accept that direct possession of physical gold is required to ensure you actually own what you think you own, then gold becomes quite cumbersome…

“Whether you have 1 Satoshi or 1,000 Bitcoin to store, all that is required is a string of characters that comprise your public and private key.

“That weighs essentially nothing, and can be accessed anywhere there is internet. This is the value proposition from a storage and transfer perspective of Bitcoin over gold.”

Meanwhile, Arthur Hayes and other BitMEX co-founders, Benjamin Delo and Samuel Reed plead guilty to breaking a law in the United States earlier this month. The law requires financial institutions to help the government detect and fight money laundering schemes.

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