Arthur Hayes: "Bitcoin is unlikely to achieve record heights this year" – Bits Media

The former General Director of the BitMex cryptocurrency derivatives exchange, what 2023 The year will be extremely volatile for bitcoin, but the first cryptocurrency will not put new records.

Arthur Hayes (Arthur Hayes) During the podcast, What Bitcoin Did told, what awaits in a few years of "real Armageddon". A war of large powers will happen, or similar in scale to the global crisis, tried to convince the listeners of the crypto businessman. At such a time, hardly anyone will take care of mining or buying bitcoins.

"Don't think, that bitcoin will grow this year before $70 000. More likely, We will overcome this level next year, After halving. 2025 and 2026 years of bitcoin will continue to grow. And then I'm waiting for Armageddon. This situation will not happen then, When everyone expects… Just now we are sitting on a powder barrel - the United States printed a huge amount of money, There is no confidence in them, And people are trying to earn a living ", - reasoned Hayes.

As for the volatility of cryptocurrencies, That, According to the former general director of BitMex, It will be associated with shocks in the financial market - the banking crisis forced the US Federal Reserve to release new volumes of dollars to finance banks, And this will affect the second half of the year in the economy. Therefore, the expert expects the next crisis of the American financial system and significant fluctuations in prices in the cryptocurrency market.

In early May, Arthur Heis spoke, that a crisis in the banking sector of the United States may push the Bitcoin exchange rate before $1 million.