• 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

a year 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.

Other news

GMX Hack: $42 Million Loss and Trading Suspension

chest

GMX, a decentralized futures exchange, lost $42 million due to a security breach, leading to a drop in token prices.

user avatarGiorgi Kostiuk

SUI Technical Outlook, Jupiter's Position, and BlockDAG's Partnership with Seattle Seawolves

chest

Overview of current positions of SUI and Jupiter, and the new partnership of BlockDAG in the sports world.

user avatarGiorgi Kostiuk

Record Returns in the Crypto Market in Q2 2025 Due to Institutional Investments

chest

The cryptocurrency market in Q2 2025 saw record performance thanks to institutional investments, with Bitcoin and Ethereum showing significant gains.

user avatarGiorgi Kostiuk

Market Optimism: Traders Expect Bitcoin to Rise to $120K

chest

Data shows that 46% of traders believe Bitcoin will rise to $120K by the end of July, reflecting confidence in the crypto market.

user avatarGiorgi Kostiuk

Jonathan Gould Appointed as OCC Head: New Horizons for Crypto Banking

chest

Senate has confirmed Jonathan Gould as OCC head, which may lead to changes in crypto banking regulations and market access.

user avatarGiorgi Kostiuk

Florida Probes Robinhood: Allegations of False Crypto Service Promotions

chest

Florida has launched an investigation into Robinhood over allegations of misleading advertising of its crypto services as the cheapest in the market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.