• 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

Cardano ADA Faces Market Challenges Amidst Development Activity

chest

This year has been challenging for Cardano ADA investors as weakening retail participation collides with renewed development activity and aggressive accumulation by large holders.

user avatarTomas Novak

Analysts Warn of Potential Strain on Digital Asset Treasuries by 2026

chest

Analysts warn that by 2026, companies holding large amounts of digital assets may need to sell part of their holdings due to falling prices and debt obligations.

user avatarKaterina Papadopoulou

Bitcoin Faces Prolonged Bear Market with Five Consecutive Months of Losses

chest

Bitcoin is on track to complete five consecutive months of losses, marking one of the longest bear runs in its history.

user avatarMaya Lundqvist

Industry Leaders Back Vitalik Buterin's Prediction Market Vision

chest

Industry leaders express support for Vitalik Buterin's vision on the future of prediction markets, emphasizing their role in economic stability.

user avatarLeo van der Veen

Vitalik Buterin Proposes New Use for Prediction Markets

chest

Ethereum cofounder Vitalik Buterin proposes that prediction markets could replace fiat currency by providing price stability, advocating for a shift towards hedging rather than short-term bets.

user avatarLi Weicheng

Major Market Participant Sells $500 Million in ETH

chest

A major market participant, known as the Hyperunit whale, has sold approximately $500 million worth of ETH, impacting market liquidity and sentiment.

user avatarAisha Farooq

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.