- The famous crypto-philosopher expects high rate volatility
- It will coincide with global changes in global politics
Former BitMEX CEO Arthur Hayes gave a new interview. He believes that 2023 will be marked by extremely high volatility for BTC.
But the main cryptocurrency will not reach the new ATN. The expert advises waiting for the halving (which will happen in 2024):
“I believe this will be a good year. But we’re not likely to get to $70,000.. Most likely, we will overcome this level next year, after halving.
Then we will see a knockdown peak [a sharp rise in BTC followed by a precipitous fall] in 2025, 2026″
As always, the crypto-philosopher also made general predictions for the world situation.
He is waiting for a “real Armageddon” – a war of the major powers or a serious economic crisis. And in such turbulent times, there will be no time for mining or accumulating crypto.
“I am waiting for Armageddon.. It won’t happen when everyone expects it to…
Right now we’re sitting on a powder keg – the U.S. has printed huge amounts of money, there’s no trust in it, and people are trying to make a living.”
Hays’ version is that Armageddon will happen in 2025 or 2026. At that time the bitcoin exchange rate will fall (the so-called knocked down top).
Only a new economic crisis will help a stable BTC rate. Humanity will finally realize that cryptocurrencies are an escape from the arbitrariness and stupidity of governments.
In case you missed Hayes’ new essay, here’s a link to our quality translation.