Bitcoin News: The last minute efforts taken by the global financial regulators in order to prevent the banking crisis sent out a wave of relief for trading markets. Bitcoin (BTC), the world’s largest crypto saw a surge of 5% which helped it to breach the $28K price level on Monday. However, BitMEX’s former CEO is weighing in for BTC to hit $1 million over several banking crisis related reasons.
Arthur Hayes, BitMEX Co founder, cited the U.S. Federal Reserve and other Central banks’ joint liquidity operation to avert the global banking crisis as a bullish reason for Bitcoin prices surge.
The post Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason appeared first on CoinGape.
Source: https://coingape.com/bitcoin-news-btc-ready-to-hit-1-mm-arthur-hayes-bullish-over-this-reason/