BitMEX Founder Arthur Hayes Reveals Future For Bitcoin Amid an ‘Apocalyptic’ Mood

Arthur Hayes, the founder of BitMEX and a seasoned crypto expert, has shared his thoughts on the current market downturn and the future of Bitcoin (BTC). According to his recent blog post, Hayes suggests that Bitcoin and other cryptocurrencies could benefit from the interest income generated by US government bonds.

New Bitcoin price prediction is out

Despite some forecasts predicting a significant drop in value, Hayes believes that Bitcoin will only experience a mild decline of less than 5% from its current level.

He also anticipates that more investors will realize the potential benefits of investing in tech stocks and crypto, as the Federal Reserve and US Treasury continue to distribute billions of dollars each month to affluent savers.

Although mainstream financial media is sounding the alarm about a sharp correction in crypto prices, Hayes maintains that there is a significant amount of cash looking for a home in finite-supply financial assets like crypto.

While some predict that Bitcoin’s value will fall below $20,000, Hayes believes that Bitcoin will hover around $25,000 at the start of Q3.

The amount of interest income searching for a new investment opportunity will determine how well crypto can withstand the market downturn.

Bitcoin is trading at $26,072 at time of writing.

As per the crypto capitalist, the Federal Reserve’s measures to tackle liquidity issues faced by US banks will prove beneficial for assets like crypto and technology stocks.

Bitcoin, in particular, is valued for its ability to counteract a flawed and corrupt fiat banking system. And with the banking system continuing to struggle, Bitcoin’s value proposition only gets stronger.

Moreover, Bitcoin profits from an increase in fiat liquidity as affluent individuals seek financial assets to fuel their consumption.

With limited supply, Bitcoin’s value relative to fiat currency grows as the latter becomes more abundant. Hence, Bitcoin has observed an 18% increase since March.

As long as the Federal Reserve remains committed to its current course, technology stocks and crypto will keep soaring. In fact, there are not many options that provide superior returns to just parking one’s money with the Federal Reserve and earning almost 6%.

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