Debt ceiling, bank crisis set for ‘powder keg’ explosion: BitMEX co-founder By Cointelegraph
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Former Bitmex CEO Arthur Hayes is expecting to see significant volatility in the latter half of the year, caused by a “powder keg” explosion from the United States banking crisis and soaring national debt.
Hayes, who currently runs a crypto-focused investment fund Maelstrom, spoke on the What Bitcoin Did podcast on May 26, making a number of predictions about the current economic outlook and the price of Bitcoin. Notably, Hayes said that he expected Bitcoin (BTC) not to reach the $70,000 mark until 2024.
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Former Bitmex CEO Arthur Hayes is expecting to see significant volatility in the latter half of the year, caused by a “powder keg” explosion from the United States banking crisis and soaring national debt.
Hayes, who currently runs a crypto-focused investment fund Maelstrom, spoke on the What Bitcoin Did podcast on May 26, making a number of predictions about the current economic outlook and the price of Bitcoin. Notably, Hayes said that he expected Bitcoin (BTC) not to reach the $70,000 mark until 2024.
Continue Reading on Coin Telegraph
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