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

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Regulatory and Ethical Challenges for Brevis's Prediction Market

The development of the Brevis attention-based prediction market raises important questions about data privacy and market regulation.

Nguyen Van Long8 minutes ago

Innovative Data Verification Techniques in Brevis Prediction Market

The Brevis attention-based prediction market will utilize advanced zero-knowledge proofs to ensure data privacy and authenticity from social media platforms.

Rajesh Kumar8 minutes ago

Significant Market Interest in Brevis's New Prediction Market

The announcement of the Brevis attention-based prediction market has generated significant interest across multiple sectors.

Satoshi Nakamura8 minutes ago

Brevis Unveils Revolutionary Attention-Based Prediction Market on Monad

Brevis has announced plans to build a cryptographically verifiable, attention-based prediction market on the Monad blockchain in collaboration with Primus and Trendle.

Jesper Sørensen8 minutes ago

Community Concerns Over Refund Issues in Space Protocol

Community concerns regarding the refund process associated with the SPACE token have been raised due to a lack of clear communication and transparency.