Bitcoin Rally To Follow Volatile 2023, Predicts Arthur Hayes

Hayesignates Armageddon as the root cause of the global financial crisis

As for his comment on Armageddon, he explained that he’s referring to more of a societal change, such as a major war. He pointed to quantitative easing and social discontent as two factors that would lead to such an event. “It doesn’t need in all honesty, we simply have what is going on, we have this tinderbox of an excess of cash, no trust and individuals attempting to just barely survive for themselves,” Hayes said. He also said that bitcoin would also fall in this situation.

Hayes: ‘I see great opportunity for bitcoin as U.S. debt ceiling nears

Resolving the US debt ceiling Hayes said that the debt ceiling would be resolved after the usual back and forth when asked about it. Yet, he contended that its timing could cause waves on the lookout, asserting that monetary disturbance occasions normally occur in the fall. “With the financial emergency — and you have the central government giving trillions of dollars of obligation since they need to subsidize themselves — you’re essentially assembling this liability of a circumstance that will detonate in Q3/Q4 of this current year thus why at last I figure it very well may be very really great for bitcoin. It will be very unstable on the potential gain and the disadvantage,” he said.

Concerning Hayes’ own venture system during this time, he referenced that Bedlam was making a play for ether marking and that it was really investigating the rise of NFTs on Bitcoin, known as Ordinals.