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Former Bitmex CEO Expects Significant Bitcoin Volatility in Second Half of 2021 Due to US Banking Crisis and Soaring National Debt

Arthur Hayes, former CEO of Bitmex and current head of crypto investment fund Maelstrom, predicts significant Bitcoin volatility in the latter half of 2021 due to the United States banking crisis and soaring national debt.

Hayes believes that quantitative easing and social unrest will be the primary drivers of this event, which could cause a drastic decline in the price of equities and cryptocurrency.

He also predicts that Bitcoin will not reach the $70,000 mark until 2024, with a blow off top in 2025 or 2026. Despite this, other analysts such as Tommy Honan of Swyftx believe that a debt deal could trigger the next big leg-up in the price of Bitcoin.

Bitcoin Bitcoin $96,116.77
-1.44%
Bitcoin BitMEX Arthur Hayes
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