Former BitMEX CEO Arthur Hayes pointed to the year 2024, when the halving for the Bitcoin rally will also take place.
In these days when the cryptocurrency market is turbulent, various comments continue to be on the agenda. While many people think that the bear market will continue for a long time, bullish signals are coming from some quarters.
Arthur Hayes, former CEO of BitMEX, also spoke about Bitcoin. Evaluating the processes, Hayes suggested that the bull run could start in 2024.
Arthur Hayes Predicts Bitcoin Bullish
Former Bitmex CEO Arthur Hayes claimed that 2023 will continue to be turbulent for Bitcoin and the bull run will be ignited in 2024.
Hayes joined the What Bitcoin Did podcast. Speaking on the podcast, the former CEO stated that he does not think Bitcoin will reach $ 70,000 this year. Conveying his forward-looking expectations and price forecast, Hayes stated that he thinks the 70,000 barrier will be overcome next year.
According to Hayes, with the effect of halving in 2024, Bitcoin will exceed the level of 70,000 dollars and will reach higher levels in 2025. Also, Hayes defined the year 2026 as Armageddon for Bitcoin.
Making a statement about the definition of Armageddon, Hayes suggested that there will be social changes such as a great war. According to the former CEO of BitMEX, this will lead to a price drop for Bitcoin as well.
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