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Breaking: Arthur Hayes Predicts Best Time To Sell Bitcoin

Arthur Hayes, the chief executive officer of crypto exchange BitMEX, predicted the possible timeline for a Bitcoin price jump in the future.
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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

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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

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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