BitMEX Founder Arthur Hayes Compares FTX to Lehman Brothers and Explains Bitcoin Prophecy!

Cryptocurrency stock market BitMEX former CEO and Arthur Hayes, one of the controversial names in the industry, talked about the Binance-FTX conflict, which was on the agenda in his statements on Twitter and Bitcoin evaluated.

Hayes likened the bankruptcy of Lehman Brothers, one of the most well-known companies of the 2008 global crisis, to FTX.

Hayes shared his thoughts on Twitter:

“FTX = Lehman

This was not the bottom.

$SPX reached 666 in March 2009.

Therefore, Bitcoin is at risk at $ 17,500.

So what about now?”

In addition, the BitMEX exchange, which Hayes is the founder of, recently announced that there will be a launch on November 11 for the highly anticipated local altcoin BMEX.

FTX = Lehman

That wasn’t the bottom. $SPX hit 666 in March of 2009.

Therefore, $17,500 BTC is at risk.

How ’bout dem puts now…

— Arthur Hayes (@CryptoHayes) November 8, 2022

Hayes also made fun of this announcement, implying that the launch of this token was on the wrong date due to the latest situation in the cryptocurrency market.

Hayes Announces His Purchase of Bitcoin Option Via Twitter

In addition, Hayes shared with his followers that he bought Bitcoin at the strike price of $ 15,000 after the fall in the market. Hayes said that the expiration date of these options is March 2023.

With the latest developments, all altcoins, including FTT and BNB, fell and the Bitcoin price fell to levels not seen in two years. At the time of this writing, the BTC price is trading at $ 18,226 on the Binance exchange.

However, the price of the FTT token, which was at $ 25 before the collapse, declined to $ 2.50 during the day.

*Not investment advice.