Arthur Hayes, co-founder of BitMEX, forecasts a massive upside for Hyperliquid's HYPE token, suggesting it could increase by 126 times. He connects the decline of fiat currencies to a rise in stablecoin savings, which funnel into crypto speculation, with Hyperliquid positioned as a leading decentralized exchange for this trend. Hayes emphasizes Hyperliquid's rapid development and efficiency compared to larger exchanges like Binance, claiming it captures around two-thirds of the decentralized perpetual futures market. His predictions are underpinned by a model projecting a potential growth of stablecoins to $10 trillion by 2028, with Hyperliquid capturing a significant trading share and generating substantial revenues. However, this growth hinges on several assumptions, including stablecoin market size and Hyperliquid's market positioning. Hayes asserts that if stablecoins become the saving method for people, speculation will predominantly occur on-chain, positioning Hyperliquid favorably in the crypto ecosystem.

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