Renowned cryptocurrency forecaster Arthur Hayes gives the timeline for the next crypto ‘megacycle’. cryptocoin.com We have compiled Arthur Heyes’s predictions for you.
Cryptocurrency mega cycle
Former BitMEX CEO Arthur Hayes expects a risky crypto bull market between today and 2026. Speaking to New York Magazine (NYM), Hayes talked about his early career at Deutsche Bank in Hong Kong, the founding of BitMEX, and his indictment by the Justice Department, among other things.
His approach to the market and his future was particularly interesting. “Every central bank will fix the price of government bonds over the next 12 to 18 months,” said the former BitMEX CEO. This event will trigger the ‘next mega-cycle’ for risky assets, which it predicts will end in 2026. At this point, an economic collapse will come on the same scale as the Great Depression of the 1930s. In his statement he said:
“This will lead to the next mega-cycle in all risk assets, and then we will experience an intergenerational collapse. But this is my opinion.”
Rather than dwell on the bleakness of his latest statement, Hayes talked about making the most of the impending boom by timing his transitions between different seasons to maximize gains. He also said:
“I will invest in deep technology and crypto that decentralizes and actually lives up to the vision of Satoshi’s whitepaper. In addition, I will invest in full shitcoins.”
BitMEX’s downfall
In May 2022, Hayes pleaded guilty to violating the US Bank Secrecy Act. He paid a $10 million fine and was placed under house arrest for six months, where he served in a Miami apartment overlooking Biscayne Bay. Hayes explained that despite supposedly having restrictions on his movement, he can exercise outside, go to a nearby WeWork office, and is allowed to go out for dinner occasionally.
Citing various industry figures, including Castle Island Ventures co-founder Nic Carter, NYM noted that unlike Sam Bankman-Fried, Hayes was never charged with stealing, lying or running a fraudulent business. In his statement, he added:
“He didn’t follow the rules that some said shouldn’t have happened in the first place.”
Hayes and co-founders Samuel Reed and Ben Delo stepped down from their positions in October 2020. At the time, BitMEX was among the top derivatives exchanges by volume but has dropped significantly due to what happened.
Today’s 24-hour volume was $373.86 million, a fraction of Binance’s $38.89 billion and oddly below FTX’s $587.91 million. Hayes said he is not considering returning as CEO of the company, but remains a board member. Some say he’s in control behind the scenes.
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