<span style="font-weight: 400;">Arthur Hayes, the former CEO of Bitmex who now runs a family office called Maelstrom, doesn't expect bitcoin to reach new highs this year but is bullish until 2024. On the What Bitcoin Did podcast, Hayes stated, "I don't think we get up to $70,000 this year; I think next year is when we cross that barrier. Then we get the blow-off top [2025], [2026], and then it's Armageddon." Hayes cited the <a href="https://www.cryptoknowmics.com/news/what-is-bitcoin-halving-and-does-it-matter/">Bitcoin halving</a> event in 2024 as a key event.</span>
<h2><span style="font-weight: 400;">Hayesignates Armageddon as the root cause of the global financial crisis</span></h2>
<span style="font-weight: 400;">As for his <a href="https://www.youtube.com/watch?v=yV-zwcFnR3Q&amp;t=1781">comment</a> on Armageddon, he explained that he’s referring to more of a societal change, such as a major war. He pointed to quantitative easing and social discontent as two factors that would lead to such an event. "It doesn't need in all honesty, we simply have what is going on, we have this tinderbox of an excess of cash, no trust and individuals attempting to just barely survive for themselves," Hayes said. He also said that bitcoin would also fall in this situation.</span>
<h2><span style="font-weight: 400;">Hayes: 'I see great opportunity for bitcoin as U.S. debt ceiling nears</span></h2>
<span style="font-weight: 400;">Resolving the US debt ceiling Hayes said that the debt ceiling would be resolved after the usual back and forth when asked about it. Yet, he contended that its timing could cause waves on the lookout, asserting that monetary disturbance occasions normally occur in the fall. "With the financial emergency — and you have the central government giving trillions of dollars of obligation since they need to subsidize themselves — you're essentially assembling this liability of a circumstance that will detonate in Q3/Q4 of this current year thus why at last I figure it very well may be very really great for bitcoin. It will be very unstable on the potential gain and the disadvantage," he said.</span>

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<span style="font-weight: 400;">Concerning Hayes' own venture system during this time, he referenced that Bedlam was making a play for ether marking and that it was really investigating the rise of NFTs on Bitcoin, known as Ordinals.</span>

Bitcoin Rally To Follow Volatile 2023, Predicts Arthur Hayes

Arthur Hayes, who now runs a family office called Maelstrom, doesn't expect bitcoin to reach new highs this year but is bullish until 2024.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Bitcoin Rally To Follow Volatile 2023, Predicts Arthur Hayes

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