Former BitMEX CEO Arthur Hayes has suggested that 2024 will be the year of the rally for Bitcoin and that it may exceed the $70,000 level.
Arthur Hayes 26 May In a podcast broadcast on , he made statements about Bitcoin and the cryptocurrency market. Hayes, next year’s bitcoin for one rally year may be and 70 thousand dollar level of He said he could get over it.
2023 Will Be A Volatile Year For Bitcoin
In particular, it has recently affected the markets. US debt limit revision Commenting on the debates about discussion after that will be resolved expressed his belief in Hayes said that the increase in the borrowing cap is of the year. third or fourth than filling a powder keg that will explode in a quarter indistinguishable arguing that this situation Bitcoin positive in the sense will affect also stated. Former CEO, debt limit revision Possible impact on Bitcoin He made the following statements about:
With the banking crisis, the federal government has to borrow trillions of dollars and finance themselves. You are essentially creating a powder keg that will explode in the third or fourth quarter of this year. I think this situation could be good for Bitcoin. It will be quite volatile on the downside or upside.
of the year will be moving but a new record for Bitcoin won’t bring Hayes, who suggested 2024 in the cryptocurrency market big One rally He implied that he was waiting. Former CEO on Bitcoin in 2024 of 150% on increase in value He said he was waiting. At this point in 2024 come true expected of halving (halving) also quite a key role emphasized by Hayes.
2025 and 2026 could be doomsday years
former CEO, in 2024 after the rally 2025 or 2026 years, a great disaster awaits and this disaster war He suggested that it could take place as a social change such as at this point quantitative relaxation And of social tension effective Hayes, who stated that there may be money and enough in return lack of trust stated. Also, in this scenario, Bitcoin depreciation It was among the views of Hayes that he could stop by.
2022 was the year of decentralization
last year decentralized finance (DeFi) Hayes, who described it as the year year 2022 in many bankruptcy of the central institution and the market thrown into turmoil stated. FTX, Terra (LUNA) and Three Arrows Capital (3AC) Recalling their collapse, Hayes, in turn, decentralized pointed out that many projects continue on their way. Former CEO, approx. for 3 months in a time over 60% a huge depreciation although it happened successful your projects that you can stand underlined.
I couldn’t foresee the FTX collapse!
Stating that he could not foresee the collapse of FTX, Hayes said that Alameda’s FTX to their financials about datas when you explain that it’s just a normal situation FTX And Alameda founder Sam Bankman-Fried’s (SBF) leveraged He stated that he thought he was dealing with products.
On the other hand, in a company like FTX, such an event not common Hayes, implying, made the following statements on the subject:
You wouldn’t be fired for investing in FTX. Maybe you’d be fired if this happened to you on a small exotic exchange in Hong Kong, but not at FTX.
Coinecko according to data 30 days in 4.9% depreciating bitcoin, end 24 hours in 2.8% as of writing by experiencing the rise 27,936 traded at the dollar level.