BitMex Arthur Hayes says that Bitcoin (BTC) is likely to reach an enormous value before the peak of the current market cycle.
In a new interview with the founder of Master Ventures Kyle Chasse, Hayes He says This bitcoin is likely to print a series of marches in this course amid the expansion of the critical view.
“I think Bitcoin will reach an interesting number in a numerical. Now, it is clear that I have put Bitcoin worth a million dollars there. I hope it reaches one million dollars, but it may be like $ 666,000, $ 500,000 or $ 250,000 – some round numbers, and this may be in the human mind important for some arbitrary reasons. Sell everything.”
Hayes also believes that Bitcoin has moved away from its semi -based session, instead, the price movement is driven by the level of light liquidity around the markets.
Bitcoin’s half is an event that cuts the Miner BTC bonus in half, which leads to a defect between the supply and demand that previously coincided with the gatherings.
“I think the half -Bitcoin course for four years and a kind of profitability of miners and how the swing over time was more logical in terms of the market cycle when Bitcoin was a group of assets much smaller …
But now that, after Bitcoin and Crypto are of the intention of intention, it is talked about in every major financial network in the world, every central bank has an opinion on it, whether it is good or whether it is bad, you have the leader of the United States Empire talking about Bitcoin and policies …
Now I think Bitcoin has moved from this type of technological digital asset to the best smoke alarm to the light liquidity we have in the world. Previously, this role was by gold. Gold and Bitcoin have some different properties that make them interact slightly differently with things. Now I think we have a 24/7 market. Anyone with an internet connection can access it, and it is truly paid [by] Fiat liquidity. ”
Bitcoin is trading for $ 84152 at the time of writing, a decrease of 3.7 % in the past 24 hours.
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