08-02 14:32 Saturday
FeaturesBitcoin News Today: Arthur Hayes Predicts Bitcoin Could Hit $100,000 Amid Macroeconomic Pressures
Arthur Hayes, co-founder of BitMEX, predicts Bitcoin could surge to $100,000 due to macroeconomic pressures, including potential Federal Reserve rate cuts and increased money printing. He highlights Bitcoin's resilience amid global financial instability, suggesting it may outperform traditional assets. Hayes also notes the upcoming Bitcoin halving in 2024 as a key catalyst for price appreciation. His bullish outlook contrasts with current market volatility, where Bitcoin trades around $42,000. Analysts remain divided on short-term price movements but acknowledge long-term growth potential for the cryptocurrency.
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