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.

Former BitMEX CEO Arthur Hayes shared his predictions for the future of Bitcoin and the cryptocurrency market on the What Did Bitcoin podcast. While he expressed optimism for a potential market boom in 2024, he warned of potential challenges in 2025 and 2026 due to geopolitical tensions.

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.

Arthur Hayes, the CEO of BitMEX, has predicted that Bitcoin may not reach $70,000 this year but could breach its all-time high in 2024. He also warned that geopolitical tensions could cause another collapse in the crypto market in 2025 or 2026. Despite this, he believes that more people getting familiar with the crypto ecosystem is a win for the industry. Hayes also invested in PEPE Coin and said smaller US regional banks still face danger of collapse compared to larger banks holding treasuries and mortgage-backed securities.

Hayes, the founder of the cryptocurrency exchange BitMEX, said he sees crypto as an important asset for consumers to own as a hedge against risk from the traditional banking system.

BitMEX’s Arthur Hayes cited an anonymous source and claimed that the founders of the controversial project, Zhu Su and Kyle Davies, received a “lot of money” from the sovereign wealth fund of the Kingdom of Bahrain. His tweet further added:

Arthur Hayes and Akshat Vaidya are looking to beat bitcoin and ether’s returns, but they are going to take their time doing it.

Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.

Arthur Hayes said Bitcoin won’t hit $1 million in 90 days.

Arthur Hayes, co-founder of BitMEX crypto exchange, seems to be bullish for the digital asset market, specifically Bitcoin (BTC), amid the ongoing global bank crisis. Targeting Bank Term Funding Program (BTFP) report, he stated the Federal Reserve Board conducted a $4.4 trillion quantitative easing while helping the banks.