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Arthur hayes bitcoin prediction

arthur hayes bitcoin prediction

The co-founder of the crypto exchange platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will continue to fall in price in the wake. Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum. At the same time, the top cryptocurrencies by market cap continue moving. In an April blog Bitmex CEO Arthur Hayes predicted ETH would drop – he was right – then his Ethereum price prediction for was $10, 1300 SATOSHI TO BTC

BTC moving sideways on the 4-hour chart. This opened the door for a new system where independent currencies, such as Bitcoin and Ethereum, will see more demand. Ethereum stands to benefit the most in the short term as it will transition to a Proof-of-Stake PoS consensus algorithm. Institutions will take shelter from inflation using this system, Hayes argued.

However, the top cryptocurrencies will undergo an increase in selling pressure in the short to medium term as the U. Federal Reserve attempts to tame inflation. Could you be next big winner? This will lead to a bloody financial market coming May when the FED will begin its tightening program.

Notably, some analysts have previously predicted that the spate of sanctions being imposed on Russia would have a lasting effect on the global economy. Hayes also rehashed the general opinion among Bitcoin advocates who consider the crypto asset to be the digital form of gold saying that it was easier to transfer assets in BTC rather than in gold. A recent CryptoSlate report stated that the sanctions being imposed on Russia could push China to promote its digital yuan as an alternative currency for cross-border settlements.

If this is done, it means countries around the world would become less dependent on the West-dominated financial system as they fish for viable alternatives around the world. Robert Kiyosaki, the popular author of the Rich Dad Poor Dad book, in a recent spate of tweets also discussed the probable end of the U. US hegemony ending. US less of a world power.

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