Breaking: Arthur Hayes Predicts Best Time To Sell Bitcoin
Crypto Market News: Arthur Hayes, the chief executive officer of crypto exchange BitMEX, said the smaller U.S. regional banks still face the danger of collapse, as against the large banks that hold treasuries and mortgage backed securities. He said the crypto market will benefit from exchanges moving from one country to another, as it could help people get familiar with Bitcoin. “As long as more and more people get to know the crypto ecosystem, it’s a win for the industry,” he said. Meanwhile, he made a prediction about the timeline for Bitcoin price breaching the all time high.
Also Read: Bitcoin Rally Kickstarts Over Debt Ceiling Deal Confirmation News
How Will Bitcoin Do By December 2023
The BitMEX CEO said Bitcoin might not reach the $70,000 mark this year but the year 2024 could be good for the crypto market. He said the top cryptocurrency could face another collapse in 2025 and 2026 due to geopolitical tensions. However, despite the opportunity to make profits, he predicted that most people will not invest in Bitcoin. He made the comments during the What Did Bitcoin podcast.
“Next year (2024) is when I think we will cross that barrier ($70,000) and we get the blow off top in 2025 or 2026. And then it’s Armageddon.”
Interestingly, Hayes said he did invest in PEPE Coin, the sensational memecoin that took the crypto market by storm in the last 2 months.
Also Read: Memecoins Prints Selective Growth as Crypto Market Recovers, Here are the High Fliers
- Breaking: U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises
- Bitcoin Crash Incoming? Tom Lee Backs Peter Brandt’s 50% Decline Prediction Despite Strong ETF Inflows
- Breaking: JPMorgan Enables Institutions to Use Bitcoin, Ethereum as Collateral
- Changpeng Zhao Comeback? PolyMarket Set 62% Odds of Binance Return by December Following Trump Pardon
- Matrixport Predicts Market Direction as $6B Bitcoin, Ethereum, XRP Options Expire Today
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
- PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
