Former BitMEX CEO Arthur Hayes, one of the famous forecasters of the crypto money market, announced his predictions for the leading cryptocurrency Bitcoin (BTC), warning about the banking crisis! So what are the next levels for Bitcoin? Here are the details…
Former BitMEX CEO Arthur Hayes announced the solution as ‘Bitcoin and Gold’!
cryptocoin.com Arthur Hayes, the former CEO of the major crypto money exchange BitMEX, whose predictions we have previously quoted, has published a new article titled “The Denominator”. In the article, Hayes likens the current situation in the US banking sector to friends splitting the bill at a nightclub and gives his predictions about who will pay for the banking crisis sparked by the deflationary policies of the Federal Reserve.
Hayes argues that medium and small banks, which he says are not “big enough to fail” in the banking crisis, will fight “to shut down”. According to Hayes, the assets of these banks will be absorbed by the major systemic banks, which receive guarantees from the US government to cover their customers’ deposit losses. But Hayes also states that as the Fed changes its policy, the real value of the money in citizens’ pockets will definitely decrease. Hayes identifies two potential ways to address this: lowering the price of money by lowering the Fed rate, or increasing the money supply. Both could lead to the “cheaper” of the dollar, according to the expert name.
On the other hand, former BitMEX CEO Hayes sees recovery from the crisis in Bitcoin and gold. The expert sees these two assets as tools to preserve value outside the banking system. However, Hayes states that if American politicians do not allow the banking system to collapse, things will get very complicated. That’s why investors say “Get your Bitcoin and get out!” is calling.
Arthur Hayes: ‘In this crisis, big banks will swallow small banks!
As you know, the banking crisis has been one of the main problems of the United States for a while. So Hayes’ article may be a recommendation for investors given the ongoing debate over the role of cryptocurrencies and the future of banking in the United States. However, Hayes’ arguments about the potential for small banks to be swallowed up by large banks and the need for alternative stores of value beyond traditional banking seem likely to spark controversy.
On the other hand, Hayes’ role seems somewhat controversial in the eyes of many cryptocurrency investors. As you know, Arthur Hayes has always been a standout in the cryptocurrency world, with BitMEX facing charges of operating an illegal derivatives exchange and violating anti-money laundering rules. However, the expert’s comments on the leading cryptocurrency Bitcoin attract the attention of many investors. Instantly, the leading cryptocurrency Bitcoin is trading at $ 27,715.94, down 0.6 percent.
