Arthur Hayes, one of the well-known names in the crypto world and known as the co-founder of BitMEX, Bitcoin A great BTC price prediction, once again emphasizing his confidence in made. Hayes, who uses the official X account, expressed his belief in cryptocurrencies while pointing out the current difficulties of New York Community Bank (NYCB).
Worrying signs are emerging for New York Community Bank (NYCB), which has been struggling with significant difficulties lately. In the screenshot shared by Arthur Hayes, Bloomberg showed that credit rating agency Moody’s had downgraded NYCB’s credit rating to “junk” level. After this situation, Hayes said, crypto- Recalling that focused Signature Bank served as the receiver of financial institutions that went bankrupt last year, he predicts that NYCB may face a similar fate.
According to Hayes, NYCB’s troubles are an example of current monetary models that the general banking industry believes are unsustainable. Based on this banking crisis, Hayes thinks that the Federal Reserve tends to save the day by printing more money and sees Bitcoin as the only solution. This view, which Hayes has long advocated, suggests that Bitcoin will further strengthen its advantageous position in future financial crises.
Bitcoin Price to 1 Million Dollars
Koinfinans.com As we reported, Arthur Hayes believes Bitcoin has what it takes to rise to $1 million; This is considered one of the most ambitious projections for the coin to date.
It is important to note that Arthur Hayes is not alone in his mega prediction. Samson Mow is known as one of the biggest proponents of this mega price target. While Mow believes economic uncertainties will support Bitcoin’s growth, he also sees the spot Bitcoin ETF market and the upcoming halving as the strongest catalysts for the asset. These views from Mow provide additional support to Hayes’ prediction and highlight Bitcoin’s potential.
Additionally, impressive bullish predictions come from Cathie Wood, CEO of Ark Invest. Wood is among those who expect Bitcoin to rise further in the coming period, citing technological innovations as well as increasing interest from institutional and retail investors among the factors that will increase the value of the digital asset. These predictions highlight Bitcoin’s long-term growth potential. cryptocurrency increases confidence in the unit.
