Former BitMEX CEO predicted crypto market collapse by summer 2022
Arthur Hayes believes that bitcoin will drop to $30 000 and Ethereum to $2 500
11.04.2022 - 07:40
447
1 min
0
What’s new? The former CEO of the BitMEX exchange, Arthur Hayes, wrote on his blog that bitcoin and Ethereum could fall significantly in price by the summer of 2022. He predicted a drop in the BTC rate to $30 000 and ETH to $2 500. Hayes stated that his guesses are “a gut feeling” and also admitted that he has started buying “a number of altcoins.”
What else did Hayes add? Former BitMEX CEO attributes the decline in the cryptocurrency exchange rate to rising nominal interest rates, deteriorating global fiat liquidity conditions, and falling global economic growth. Hayes also believes that in this situation, the Fed and major central banks should tighten regulatory conditions, rather than loosen them, to combat inflation.
Earlier Bank of America’s analyst predicted investors’ abandoning stocks and bonds in favor of cryptocurrencies. He also predicts a coming “recession shock” in the United States due to the Fed’s actions.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$68 650
BTC
-0.4%
-
Ethereum
$2 435.45
ETH
-1.6%
-
BNB Smart Chain
$570.25
BSC
-0.32%
-
Ripple
$0.508154
XRP
-0.59%
-
Dogecoin
$0.170716
DOGE
+7.39%
-
Cardano
$0.330491
ADA
-1.1%
-
Bitcoin Cash
$338.29
BCH
-0.58%
-
Polkadot
$3.83
DOT
+0.51%
-
Litecoin
$66.01
LTC
-1.58%
-
Stellar XLM
$0.092137
XLM
+0.3%