The former Bitmex CEO and co-founder of the 100x platform spoke about the recent economic sanctions imposed on Russia. Hayes said the world is facing a “financial crisis of epic proportions.” He also noted that the freezing of Russian assets marks the end of the monetary era.
The businessman added that the 1971 petrodollar system died with the confiscation of the Russian Central Bank’s foreign exchange reserves, and argued that a new monetary era has now begun to take shape.
Hayes also suggests that gold will reach $10,000 and bitcoin will reach $1 million. He argues that both bitcoin and gold will become advanced assets in the world with the new order.