$ 108,877.0
BTC
0.60 %
$ 2,556.31
ETH
1.47 %
$ 0.5825
ADA
1.19 %
$ 661.11
BNB
0.91 %
$ 151.49
SOL
2.27 %

Sonakshi Saxena
May 27, 2023

Bitcoin Rally To Follow Volatile 2023, Predicts Arthur Hayes

Arthur Hayes
Arthur Hayes, the former CEO of Bitmex who now runs a family office called Maelstrom, doesn't expect bitcoin to reach new highs this year but is bullish until 2024. On the What Bitcoin Did podcast, Hayes stated, "I don't think we get up to $70,000 this year; I think next year is when we cross that barrier. Then we get the blow-off top [2025], [2026], and then it's Armageddon." Hayes cited the Bitcoin halving event in 2024 as a key event.

Hayesignates Armageddon as the root cause of the global financial crisis

As for his comment on Armageddon, he explained that he’s referring to more of a societal change, such as a major war. He pointed to quantitative easing and social discontent as two factors that would lead to such an event. "It doesn't need in all honesty, we simply have what is going on, we have this tinderbox of an excess of cash, no trust and individuals attempting to just barely survive for themselves," Hayes said. He also said that bitcoin would also fall in this situation.

Hayes: 'I see great opportunity for bitcoin as U.S. debt ceiling nears

Resolving the US debt ceiling Hayes said that the debt ceiling would be resolved after the usual back and forth when asked about it. Yet, he contended that its timing could cause waves on the lookout, asserting that monetary disturbance occasions normally occur in the fall. "With the financial emergency — and you have the central government giving trillions of dollars of obligation since they need to subsidize themselves — you're essentially assembling this liability of a circumstance that will detonate in Q3/Q4 of this current year thus why at last I figure it very well may be very really great for bitcoin. It will be very unstable on the potential gain and the disadvantage," he said.

 

Concerning Hayes' own venture system during this time, he referenced that Bedlam was making a play for ether marking and that it was really investigating the rise of NFTs on Bitcoin, known as Ordinals.

Bitcoin Rally To Follow Volatile 2023, Predicts Arthur Hayes
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Related News

Bitcoin Treasury Strategy Under Scrutiny: Analysts Forecast Limited Longevity
LIVE CRYPTO NEWS

Bitcoin Treasury Strategy Under Scrutiny: Analysts Forecast Limited Longevity

The popular Bitcoin treasury strategy, adopted by numerous firms to hold the digital asset as a reserve, may face a significantly shorter lifespan than many anticipa ...
Ajay AgarwalJul 5, 2025
Crypto Market Watch: XRP Faces Bearish Signal, Shiba Inu's Unusual Struggle, Bitcoin's Muted Breakout
LIVE CRYPTO NEWS

Crypto Market Watch: XRP Faces Bearish Signal, Shiba Inu's Unusual Struggle, Bit ...

The cryptocurrency market is currently presenting a mixed bag of signals, with XRP facing a concerning technical pattern, Shiba Inu exhibiting an “abnormal&#82 ...
Sujit KumarJul 5, 2025
Ethereum Approaches "Wyckoff Liftoff" Phase: Analysts Eye New Highs Amidst Network Activity Surge
LIVE CRYPTO NEWS

Ethereum Approaches "Wyckoff Liftoff" Phase: Analysts Eye New Highs Amidst Netwo ...

Ethereum (ETH) is showing signs of entering a highly anticipated “liftoff” phase, according to some crypto analysts, who are utilizing the Wyckoff Accumu ...
Ajay AgarwalJul 5, 2025
Binance Unveils Zero-Interest Institutional Loans, Bolsters European Leadership with Ex-Central Bank Chief
LIVE CRYPTO NEWS

Binance Unveils Zero-Interest Institutional Loans, Bolsters European Leadership ...

Binance, the world’s largest cryptocurrency exchange, is making significant strides to solidify its institutional offerings and enhance its regulatory standing ...
Ajay AgarwalJul 4, 2025
PinkSale AutoStakeYield Fair Launch ad
Trump's "Big Beautiful Bill" Could Ignite Bitcoin 40% Surge in a Week
LIVE CRYPTO NEWS

Trump's "Big Beautiful Bill" Could Ignite Bitcoin 40% Surge in a Week

Bitcoin investors are closely watching the signing of a massive new government spending bill by U.S. President Donald Trump, dubbed the “One Big Beautiful Bill ...
Sujit KumarJul 4, 2025