Arthur Hayes, former head of BitMEX, has predicted that Bitcoin's climb to an all-time high of $70,000 is unlikely to happen this year. Instead, he suggests that the 2024 halving event will play a crucial role in determining the market's direction, and that crossing the $70,000 barrier will likely happen during that time. However, Hayes raises concerns about an impending "blow-off top" in 2025 or 2026, potentially signaling a significant societal event or turmoil which he calls "Armageddon." Despite recent price gains, Hayes warns of mounting geopolitical tensions and a lack of trust, asserting that these factors form a "tinderbox" that could trigger a period of immense volatility for Bitcoin.
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Former BitMEX Head Arthur Hayes Predicts Delay in Bitcoin's Rise to $70,000, Points to 2024 Halving as Potential Turning Point
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