Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market in Late 2023
Former Bitmex CEO Arthur Hayes predicts a bitcoin bull market in the last two quarters of 2023. Hayes believes that the U.S. Federal Reserve will be unable to control inflation, causing the national debt to lose its appeal for foreign investors due to sanctions. This will lead to a surge in interest rates and a rise in bitcoin's value. Hayes also predicts a shift in deposits from small and medium-sized financial institutions to larger banks and money market funds.
BitMEX Founder Arthur Hayes Predicts Bitcoin Bull Market Ahead, Expects Fireworks in Late 2021
Arthur Hayes, the founder of BitMEX exchange, has predicted a bullish future for Bitcoin despite the current reduced crypto market activity. Hayes believes that the Federal Reserve's rate hike will trigger a Bitcoin bull run as wealthy asset holders who receive interest payments from the Fed will likely purchase risk assets such as Bitcoin. He expects the real Bitcoin bull market to begin in the late third and early fourth quarter of this year. Hayes also notes that the American summer months tend to disappoint in terms of trading volumes and volatility, but he remains confident that Bitcoin will hold firm.
BitMEX Founder's Family Office Launches Maelstrom Fund Focused on Decentralization and Blockchain-Based Financial Products
Arthur Hayes' family office has launched a new fund called Maelstrom, which is focused on investing in startups with mission-critical offerings, high-quality founders, and complementary business models. The fund is also positioning itself for the future of decentralized systems and blockchain technology, with a focus on investing where there is no conflict between regulatory concerns and decentralization.
Crypto Companies Race to Apply for License in Hong Kong
Several cryptocurrency companies are planning to apply for a license in Hong Kong starting from June 1, with CoinEx, Huobi, Gate. io, BitMEX, OKX, ZA Bank, and Greenland Holdings among them.
Former BitMEX CEO Arthur Hayes Shares Insights on Future of Bitcoin and Crypto Market, Warns of Potential Geopolitical Tensions and Highlights Growing Popularity of Memecoins
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.
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.
BitMEX Launches Dedicated Mobile App for Hong Kong Users in Response to Changing Regulatory Landscape
BitMEX, a cryptocurrency exchange and derivative trading platform, has launched a mobile app exclusively for its Hong Kong user base in response to the changing regulatory landscape in the region.
BitMEX Launches Dedicated Service for Hong Kong Users Ahead of VASP Regime
BitMEX has introduced a new service called BitMEX Hong Kong, which is designed to comply with the upcoming Hong Kong Virtual Asset Service Provider (VASP) regime. From May 29, 2023, existing BitMEX users in Hong Kong will be transferred to HDR BMEX Limited, the affiliated Hong Kong entity, and will exclusively receive service through the BitMEX Hong Kong mobile app. The app offers a range of features, including the ability to buy and sell cryptocurrencies instantly using 11 trading pairs and securely purchase cryptocurrencies with over 30 currencies. Verified Hong Kong users will not be required to undergo additional verification or KYC checks. Additionally, readers can stay informed and up-to-date with the latest news, analysis, and insights from experts in the field by checking out our updated list of Telegram channels for all things crypto in 2023.
BitMEX, Astrobotic, Bitcoin Magazine Launching Historic Mission Pushing Space & Crypto Limits
Astrobotic Technology Inc., Bitcoin Magazine, and BitMEX have formed a partnership to deliver the first Bitcoin to the Moon. This project is significant for both the cryptocurrency and space industries, as it explores new possibilities for financial innovation in space and demonstrates the potential of cryptocurrencies beyond Earth's atmosphere.
Bitcoin Funding Rates on BitMEX Plunge to Deep Red Values, Signaling Possible Short Squeeze
Recent data shows that the Bitcoin funding rates on BitMEX have turned negative, indicating a bearish mentality among futures traders on the platform. However, this pattern has previously led to a bullish boost for BTC. The funding rate measures the number of periodic fees that futures traders on a derivative exchange are exchanging between each other. When the futures market becomes too unbalanced towards any one side, a sharp price move in the opposite direction becomes more probable, potentially leading to a short squeeze in the near term. BTC is currently trading around $27,500, down 4% in the last week.
