{"id":79467,"date":"2023-05-29T10:49:34","date_gmt":"2023-05-29T07:49:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79467"},"modified":"2025-09-11T11:13:57","modified_gmt":"2025-09-11T08:13:57","slug":"arthur-hayes-forecasts-a-new-bitcoin-rally-by-2024","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arthur-hayes-forecasts-a-new-bitcoin-rally-by-2024\/","title":{"rendered":"Arthur Hayes forecasts a new Bitcoin rally by 2024"},"content":{"rendered":"<p>Former BitMEX CEO Arthur Hayes on the What Bitcoin Did podcast ruled out a new Bitcoin all-time high in 2023, but allowed the possibility in the following year.<\/p>\n<figure class=\\\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<iframe loading=\\\"lazy\\\" title=\\\"A Debt Jubilee to Save the Economy with Arthur Hayes\\\" width=\\\"500\\\" height=\\\"281\\\" src=\\\"https:\/\/www.youtube.com\/embed\/yV-zwcFnR3Q?feature=oembed\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" referrerpolicy=\\\"strict-origin-when-cross-origin\\\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cI don&#8217;t think we&#8217;ll reach $70,000 this year, but next year we&#8217;ll break that barrier, then we&#8217;ll see a blistering top, and after that Armageddon,\u201d he said.<\/p>\n<\/blockquote>\n<p>Hayes explained that under Armageddon he means social upheaval, such as a major war. He pointed to public discontent and the monetary policy of quantitative easing as key factors of this event.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cWe have a powder keg with too much money, no trust from the public and people trying to make a living,\u201d the expert added.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-bitcoin-halving\">halving<\/a> in 2024 will be the main driver of a new Bitcoin rally.<\/p>\n<p>In December 2022, Hayes stated that Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-says-bitcoin-has-bottomed\">reached the bottom of the current cycle<\/a>, as almost all \u201cirresponsible institutions\u201d had run out of BTC to sell.<\/p>\n<p>He added at the time that the digital asset market expected a partial recovery in 2023 amid another round of the US Federal Reserve\u2019s money printing.<\/p>\n<p>In April Hayes announced the start of <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-signals-the-start-of-a-new-altseason\">new altcoin season<\/a> amid Ethereum&#8217;s price rally.<\/p>\n<p>Earlier JPMorgan analysts concluded that the upcoming halving in April\u2013May 2024 <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-flags-45000-as-a-guide-for-bitcoins-rally\">would push the price of digital gold to $40,000<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former BitMEX CEO Arthur Hayes ruled out a new Bitcoin all-time high in 2023, but allowed such a possibility in the following year.<\/p>\n","protected":false},"author":1,"featured_media":79468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,1146],"class_list":["post-79467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79467"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79467\/revisions"}],"predecessor-version":[{"id":79469,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79467\/revisions\/79469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79468"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}