Arthur Hayes predicts that the price of bitcoin will reach $70,000 in 2024

Arthur Hayes predicts that the price of bitcoin will reach $70,000 in 2024

user avatar

by Max Nevskyi

3 years ago

Arthur Hayes, co-founder of the BitMEX exchange and a cryptocurrency expert, predicts the first cryptocurrency's price to reach a historical high by 2024.

I am definitely bullish by the end of the year. I think Bitcoin will reach a record high of $70,000.said Hayes.

In January of this year, crypto expert Arthur Hayes expressed a pessimistic view on the price of the first cryptocurrency. He suggested that the price of Bitcoin would drop below $40,000, while acquiring "a few" put options with a strike price of $35,000.

[…] I assessed the market and thought it wasn't doing what I wanted, and the option premiums were killing me, so I'll just close those positions. And Bitcoin is on its way up again.told Hayes.

In addition, one of the founders of the BitMEX exchange noted the possibility of a new banking crisis, caused by deteriorating conditions in the commercial real estate sector, which is the subject of lending for many banks.

He also stated that central banks would "turn on the printing press" to provide markets with huge amounts of liquidity and save the economy in the event of a new banking crisis.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

MEXC Launches 'WE SEE YOU' Campaign to Highlight Individual Traders

MEXC has launched a new brand identity focused on the philosophy 'WE SEE YOU', emphasizing the importance of individual traders behind accounts.

user avatarFilippo Romano

Citi and Coinbase Enhance Partnership for Stablecoin Payments

Citi and Coinbase have expanded their partnership to facilitate stablecoin payments for corporate clients, allowing seamless transactions between traditional and digital currencies.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.