• Arthur Hayes says he’s not bullish on BTC value this yr.
• Hayes factors out that the disaster related to the BTC value spike might have an effect on different cryptocurrencies.
• The American entrepreneur additionally believes the present monetary dilemma might trigger waves out there.

Arthur Hayes, an American entrepreneur and former CEO of cryptocurrency trade BitMEX, has predicted that Bitcoin (BTC), the most important cryptocurrency by market capitalization, will likely be bullish for the following few years. , was not bullish about 2023.

In a podcast on his YouTube channel What Bitcoin Did, the entrepreneur commented that the excessive hopes for the BTC value won’t come to fruition till 2024 and 2025, not this yr. he mentioned:

I do not assume we’ll go as excessive as $70,000 this yr, however subsequent yr I believe we’ll be over that wall, blowing highs (2025), (2026), after which Armageddon.

Hayes explains using the time period Armageddon, which accurately means catastrophic battle, and expects social change or large-scale struggle to happen because of two elements, together with quantitative easing and social dissatisfaction. mentioned there may be. He added that such disputes would result in additional declines in inventory and cryptocurrency costs.

When the moderator requested in regards to the present US debt ceiling and its implications for the cryptocurrency market, Hayes commented that it could be resolved as typical. He additional famous that the present monetary dilemma might trigger waves out there, including:

With the banking disaster, the federal authorities has issued trillions of {dollars} in Treasury bonds in want of financing, mainly placing collectively a powder keg that may explode within the third or fourth quarter of this yr. It is like being

However he burdened that catastrophic circumstances would in the end be “good for Bitcoin,” including that the cryptocurrency may very well be “very risky up and down.” Following the US Treasury Division’s announcement of a small bond buy deal, Hayes predicted that Bitcoin will attain $1 million in March 2023.