Bitcoin billionaire businessman says ‘Armageddon’ is near

Arthur Hayes, the founder of BitMEXone of the largest cryptocurrency derivatives brokers in the world, shared his perspectives on the financial market and Bitcoin’s role in the coming years.

While the billionaire doesn’t see Bitcoin hitting new price records this year, Hayes expressed his optimism for 2024 and beyond.

Hayes points to the Bitcoin halving in 2024 as a major event that could boost the cryptocurrency’s price. He believes Bitcoin could cross the $70,000 mark in the near future and predicts an “Armageddon” will occur in 2025 or 2026.

“I don’t think we’re going to hit $70,000 this year. I think we’ll cross that barrier next year and then we’ll crash.” [2025], [2026] and then Armageddon,” said Hayes on What Podcast Bitcoin Did.

Armageddon

Hayes points out that his comment about “Armageddon” refers more to a social change, such as a major war, than to a complete market crash.

The former CEO of Bitmex highlighted quantitative easing and social discontent as factors that could lead to this shift. He argues that a lack of confidence in the current financial system, coupled with people’s quest for financial independence, can create an explosive situation.

Hayes stated that Bitcoin would also be affected in this scenario, but sees its potential as a store of value amidst instability.

In addition, Hayes discussed the issue of the US debt ceiling. He thinks that the solution to this problem will follow the usual patterns, but points out that this moment could cause waves in the financial market.

Hayes also predicts that the banking crisis and massive debt issuance by the US government could lead to an explosion in the third or fourth quarter of this year, suggesting that this turmoil could benefit Bitcoin, making it an attractive asset to invest in. middle of volatility. market.

Bets for the future

Regarding his investment strategy, Hayes revealed that his family office, called Maelstrom, is exploring opportunities in Ethereum and is closely monitoring the rise of NFTs in Bitcoin known as Ordinals.

These strategic moves reflect Hayes’ interest in exploring new trends and emerging technologies within the crypto ecosystem.

While the former Bitmex CEO is cautiously optimistic about Bitcoin in the coming years, his forecasts and investment strategies emphasize the importance of considering market volatility and social and economic changes that could impact the crypto landscape.

Hayes’ vision provides valuable insight for Bitcoin investors and enthusiasts, reminding them that cryptocurrency adoption and appreciation are inseparable from macroeconomic events and the social transformations shaping the financial world.

Source: Live Coins

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