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

Bitcoin and Financial Uncertainty: Forecasts by Arthur Hayes

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin's 22% decline since the beginning of the year reignites the debate about its role as a hedge against financial instability.

Bitcoin Decline and Market Reaction

The drop in Bitcoin's price is accompanied by the rise in gold prices to $3,000 an ounce, raising questions about its reliability as a safe-haven asset. Bitcoin's volatility proved higher than that of tech stocks, as it dropped along with the Nasdaq.

Arthur Hayes' Predictions

BitMEX founder Arthur Hayes sees current Bitcoin's drop as a temporary liquidity crunch and expects a sharp recovery when market conditions change. He predicts that Bitcoin could reach $250,000 by the end of the year.

We are experiencing a period of low liquidity fiat money production.Arthur Hayes

Impact on Future Course

Hayes expects Bitcoin to bottom before stocks, citing historical liquidity cycles. He believes the Fed will eventually step in to stabilize markets and trigger Bitcoin’s next big rally.

When the floodgates open, it’s time to act.Arthur Hayes

While the market remains volatile, many analysts keep an eye on Federal Reserve actions and the return of liquidity, which could be a catalyst for Bitcoin's next rally.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

US Dollar Maintains Dominance in Global Transactions

chest

The US dollar continues to dominate global transactions, accounting for 50.5% of SWIFT transactions, despite rising competition from alternative currencies.

user avatarArif Mukhtar

Costco Tightens Returns Policy Amid Digital Transformation

chest

Costco is tightening its returns policy and enhancing its mobile app features to protect margins.

user avatarMaria Gutierrez

LightBar Develops Technology to Combat AI Copyright Infringement

chest

LightBar develops technology to combat AI copyright infringement.

user avatarDavid Robinson

Hollywood Studios Take Legal Action Against AI Infringement

chest

Major Hollywood studios, including The Walt Disney Company and Paramount Pictures, have taken legal action against ByteDance for alleged unauthorized use of copyrighted characters and performers' likenesses in its Seedance 20 model.

user avatarAndrew Smith

Bitcoin Price Drops Below Critical Support Levels.

chest

Bitcoin's price has failed to maintain stability above the 70,000 mark and has started a decline, trading below 68,800.

user avatarJacob Williams

Figure Technology Confirms Data Breach Due to Social Engineering Attack

chest

Figure Technology has confirmed a data breach caused by social engineering, resulting in the theft of customer files and exposure of sensitive personal information.

user avatarZainab Kamara

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.