Arthur Hayes, CEO of BitMEX, has provided a prediction for when Bitcoin’s price could potentially experience a significant increase in the future.
According to Arthur Hayes, the CEO of BitMEX, smaller regional banks are at risk of collapse compared to larger banks that hold treasuries and mortgage-backed securities. Hayes also mentioned that the cryptocurrency market would benefit from exchanges relocating from one country to another, as it would increase people’s familiarity with Bitcoin.
He believes that as more individuals become acquainted with the crypto ecosystem, it will be a positive outcome for the industry. Additionally, Hayes made a prediction regarding the timeline for Bitcoin’s price surpassing its all-time high.
What Can We Expect from Bitcoin by December 2023?
During a podcast called “What Did Bitcoin,” the CEO of BitMEX, Arthur Hayes, expressed his view that Bitcoin may not reach the $70,000 mark this year. However, he suggested that the year 2024 could bring positive developments for the crypto market.
Also Read This Related: Arthur Hayes Warns of Impending Armageddon in Bitcoin Following Critical Date
Hayes also predicted that Bitcoin could experience a potential collapse in 2025 and 2026 due to geopolitical tensions. Interestingly, he anticipated that despite the potential for profit, most people would choose not to invest in Bitcoin.
According to Arthur Hayes, the CEO of BitMEX, he believes that Bitcoin will surpass the $70,000 mark in the upcoming year of 2024. He predicts that after that, there will be a significant peak in the market in either 2025 or 2026. However, he also expressed concerns about a potential downturn after this peak, referring to it as “Armageddon.”
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
