NewsletterBreaking: 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
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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Market Crash: Here’s Why Bitcoin, ETH, SOL, ZEC, & Other Altcoins Are Falling
- Kalshi Taps Coinbase to Manage USDC Deposits on Its Prediction Market Platform
- VanEck Solana ETF Set for Launch as Firm Submits Final 8-A Filing
- Canary XRP ETF (XRPC) Tops Solana ETF on Debut with $245M in Inflows
- Expert Raoul Pal Reveals Crypto Market Outlook as Government Shutdown Ends
- Is Shiba Inu Price Set for Recovery Amid Partnership with Unity Nodes to Expand SHIB Utility?
- Top 3 Reasons Pi Network Price May Surge Despite the Incoming Token Unlock
- Solana Price Gears Up to $180 as DApp Revenue and DEX Volume Surge
- Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
