Arthur Hayes: “In the context of the banking crisis, the bitcoin exchange rate will fly up to $1 million " – Bits Media

Former general director of the Bitmex cryptocurrency derivatives exchange Arthur Hayes suggested, that the Bitcoin course can fly up to $1 Milln due to bankruptcy of financial institutions.

In the Twitov series Arthur Hayes (Arthur Hayes) shared his opinion about the current situation with banks and how can she influence the cryptocurrency market. Bitmex co -founder is sure, that the collapse of the FIRST Republic Bank Bank will not be the last in the financial sector. Hayes expects, that problems with liquidity can occur in other local banks, Since the US Federal Reserve (FRS) prepares to increase interest rates again.

According to Hais, Fed or "does not understand, What is creating, either understands and prays, To make the market stupid ". Anyway, Increasing bets guarantees the collapse of another bank, which is too big, To go bankrupt, wrote Hayes. He suggested, that in the loan portfolio of this bank will prevail non -liquid loans for commercial real estate.

The co -founder of BitMex noted, that the crisis in the banking sector can provoke macroeconomic shocks, which will serve as an incentive for the rapid growth of bitcoin to $1 million. The Fed reaction to the banking crisis will increase interest in the flagship cryptocurrency and the entire cryptocurrency space. Compared to other means of savings, such as gold and real estate, Bitcoin can be the most attractive option for investors, seeking to protect their accumulations, Hayes reasoned.

At the beginning of the year, Hais's forecasts were more restrained - he was sure, that bitcoin can fall to previous minimums, if the Fed’s policy remains the same.