Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM UTC, before collapsing to $52,871 by 8:55 PM UTC. It trades for $53,500 at writing time. On Thursday, Hayes predicted...
Read More »Arthur Hayes Warns of Second Wave Crypto Crash
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Read More »Arthur Hayes’ Maelstrom Launches Bitcoin Grant Program to Boost Technical Development
BitMEX co-founder Arthur Hayes’ crypto investment fund Maelstrom announced the launch of the Bitcoin Grant Program that aims to help with the technical development of the largest blockchain network. The focus will also be to improve its resilience, scalability, censorship resistance, and privacy characteristics. On its official website, Maelstrom said that it can support Bitcoin developers and is committed to an “open and transparent grant process.” Bitcoin Grant Program to...
Read More »Arthur Hayes Draws Out How Digital Asset Holders Could Reshape US 2024 Elections, Calls for Pro-Crypto Legislation
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Read More »Relax And Zoom Out On Bitcoin Bull Market, Says Arthur Hayes
Historical economic trends suggest Bitcoin is fated for another massive leg up this market cycle, according to BitMEX co-founder Arthur Hayes. While Bitcoin has traded mostly flat over the past several months, Hayes says he’s confident that the leading crypto asset will “regain its mojo” thanks to the overwhelming U.S. government spending and money printing of the modern era. The Local Inflationary Period The popular crypto essayist broke economic history down into two basic...
Read More »Arthur Hayes Predicts Dogecoin Will Get An ETF This Cycle
Regulators will inevitably approve a Dogecoin ETF after both Bitcoin and Ethereum hit US public markets, according to BitMEX co-founder Arthur Hayes. During a Sunday interview alongside Real Vision CEO Raoul Pal, the two investors reviewed their favorite meme coin and crypto picks this cycle, as well as the top risks currently looming over the industry. Why Memecoins Will Keep WInning: Arthur Hayes According to Hayes, meme coins still have plenty of runway this cycle, with...
Read More »Bitcoin Price to Soar as Japan’s Economy Worsens: BitMEX’s Arthur Hayes
The weakening Japanese yen could potentially lead to actions that drive up the price of bitcoin and other cryptocurrencies, according to former BitMEX CEO Arthur Hayes. His central argument revolves around the fact the Japanese yen has been rapidly weakening against the US dollar due to the large interest rate differential between the two currencies. This hurts Japan’s export competitiveness against China. China may threaten to devalue the yuan if Japan doesn’t strengthen the...
Read More »Arthur Hayes Proposes Solution to Strengthen Yen and Its Impact on Dollar
CoinspeakerArthur Hayes Proposes Solution to Strengthen Yen and Its Impact on Dollar Hayes noted that the dollar-yen exchange rate is a core part of the power struggle, which he believes is the most important global economic variable. Arthur Hayes Proposes Solution to Strengthen Yen and Its Impact on Dollar
Read More »BitMEX Founder Arthur Hayes Sees Bitcoin’s Price Slump as Market Cleansing
Experts now suggest that bitcoin may have reached a local bottom and will gradually recover over the coming months. BitMEX founder Arthur Hayes, for one, noted that the leading cryptocurrency might see a surge in value if, as he predicts, liquidity increases in the economy next week due to Janet Yellen’s policies. Bitcoin May Have Hit a Local Bottom In his latest blog post, Hayes said bitcoin’s latest slump has “played out” as he anticipated, attributing it to various factors...
Read More »Arthur Hayes Says Bitcoin Bottom Is In, Predicts Slow but Steady Climb Back Up
CoinspeakerArthur Hayes Says Bitcoin Bottom Is In, Predicts Slow but Steady Climb Back Up Hayes claims that the rise in BTC price will be driven by increased dollar liquidity from the Federal Reserve’s quantitative tightening taper and the US Treasury’s debt issuance plans. Arthur Hayes Says Bitcoin Bottom Is In, Predicts Slow but Steady Climb Back Up
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