Arthur Hayes expects “epic” crisis and a new role for Bitcoin

21.03.2022 18:51
by Artem Ustinov
1 min read

The founder and former head of the BitMEX cryptocurrency exchange Arthur Hayes believes that the next large-scale crisis will be caused by losses of commodity producers and traders.

US sanctions on Russia and the disconnection some banks from SWIFT will cause inflation to spike. It will provoke the largest flow of capital in history from fiat to gold.

Arthur Hayes is also sure that the popularity of gold will provoke an increased demand for Bitcoin. The businessman believes that if gold reaches $10,000, then Bitcoin can grow to $1 million.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

Trending news

Subscribe and be in touch
Click here