• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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

2 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ten Cows Become First Livestock Collateral on Brazil's Stock Exchange

chest

Ten cows from Fazenda Engenho Velho in Brazil have become the first livestock collateral formally registered on the country's stock exchange, utilizing blockchain technology and AI-powered sensors.

user avatarLeo van der Veen

SP Dow Jones Indices and Pantera Capital Launch New Digital Asset Benchmark

chest

SP Dow Jones Indices and Pantera Capital have launched the SP Pantera Digital Asset Index (SPPDA), a new benchmark that tracks crypto networks through a fundamentals-focused lens.

user avatarLi Weicheng

T Rowe Price Introduces Active Crypto ETF for Diverse Digital Asset Exposure

chest

T Rowe Price has filed for an Active Crypto ETF, TKNZ, to hold 5-15 digital assets, marking a shift in the crypto ETF market.

user avatarAisha Farooq

French Gambling Authority Blocks Access to Polymarket

chest

The French National Gambling Authority (ANJ) has ordered internet service providers to block access to Polymarket due to concerns over illegal gambling practices.

user avatarTenzin Dorje

Smarter Web Company Sells Bitcoin to Repay Debt

chest

The Smarter Web Company sold part of its Bitcoin treasury to repay an $11.7 million convertible debt facility, prioritizing balance sheet flexibility over equity dilution.

user avatarBayarjavkhlan Ganbaatar

BancaStato Brings Crypto Trading to Traditional Banking

chest

BancaStato partners with Sygnum and Avaloq to integrate cryptocurrency trading into its banking services, allowing clients to buy, hold, and sell digital assets directly through the bank's platforms.

user avatarMohamed Farouk

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.