Arthur Hayes: Armageddon Approaches
Arthur Hayes, renowned cryptocurrency figure and CEO of crypto investment fund Maelstrom, recently shared his insights on the future of Bitcoin. Speaking on the What Bitcoin Did podcast, Hayes predicted significant volatility ahead, triggered by the looming explosion resulting from the US banking crisis and skyrocketing national debt.
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Hayes expressed his belief that reaching $70,000 this year is unlikely. He anticipates that it will happen next year during the halving event. Furthermore, he expects a significant surge in prices in 2025 and 2026, followed by a major downturn referred to as “Armageddon.”
According to Hayes, the primary catalysts for potential significant Bitcoin volatility in the future are quantitative easing, which involves increasing the money supply, and growing social unrest. These factors have the potential to lead to a substantial decline in the prices of equities and cryptocurrencies.
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