Markets· ★★★· bullish·

Arthur Hayes Says Bitcoin Hits $1M, Saylor No Longer Matters

  • —Hayes said Strategy's edge faded once spot ETFs gave investors other ways to own BTC
  • —Hayes watches ETF inflows over Saylor's buys; U.S. spot bitcoin ETFs added $241M last week
  • —Hayes backed a $1M bitcoin, roughly 11.7x the $85,300 price on Oct. 6
  • —Strategy disclosed $15.7M of MSTR stock sales funding part of a 334 BTC purchase
Why it matters: The remarks highlight a shift in market drivers, with ETF flows now mattering more than corporate treasury buying.
#BTC
Source: Bitcoin.com
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