Arthur Hayes during the What Bitcoin Did podcast said he expects “real armageddon” in a few years.
There will be a war between the major powers, or a global crisis on a similar scale, the crypto-businessman tried to convince the audience.
At a time like this, hardly anyone cares about mining or buying bitcoins.
“I don’t think bitcoin will rise to $70,000 this year.
Most likely, we will overcome this level next year, after halving. 2025 and 2026 bitcoin will continue to grow. And then I’m waiting for Armageddon.
This situation will not happen when everyone expects it to.
We’re just sitting on a powder keg right now – the U.S. has printed a huge amount of money, there’s no confidence in it, and people are trying to make a living,” Hayes reasoned.
As for the volatility of cryptocurrencies, according to the former BitMEX CEO, it will be related to the turmoil in the financial market – the banking crisis has forced the U.S. Federal Reserve to issue new volumes of dollars to finance banks, and it will affect the economy in the second half of the year.
Therefore, the expert expects another crisis of the U.S. financial system and significant price fluctuations in the cryptocurrency market.
In early May, Arthur Hayes said that the U.S. banking crisis could push the bitcoin rate up to $1 million.