Arthur Hayes, during the What Bitcoin Did podcast, said that he expects “real Armageddon” in a few years. There will be a war of major powers, or a global crisis of a similar scale, the crypto businessman tried to convince the listeners. At such a time, it is unlikely that anyone will care about mining or buying bitcoins.
“I don’t think that bitcoin will rise to $70,000 this year. Most likely, we will overcome this level next year, after the halving. Bitcoin will continue to grow in 2025 and 2026. And then I wait for Armageddon. This situation will not happen when everyone expects … It’s just that now we are sitting on a powder keg – the United States has printed a huge amount of money, there is no trust in them, and people are trying to earn a living, ”Hayes reasoned.
As for the volatility of cryptocurrencies, according to the former CEO of BitMEX, it will be associated with turmoil in the financial market – the banking crisis forced the US Federal Reserve to issue new volumes of dollars to finance banks, and this will affect the economy in the second half of the year. Therefore, the expert expects another crisis in the American financial system and significant price fluctuations in the cryptocurrency market.
In early May, Arthur Hayes said that the crisis in the US banking sector could push the Bitcoin rate to $1 million.
2023-05-28 13:48:00
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