Arthur Hayes, previous Chief of BitMEX, has estimated a critical flood in Bitcoin’s worth to somewhere in the range of $750,000 and $1 million. This increment is expected because of anticipated government mediation, expansion, and a forthcoming Great Depression looking like the Economic crisis of the early 20s. Hayes recognized triggers for this emergency as developing government obligation, declining efficiency, unreasonable cash printing – alluded to as “toilet paper money” – and underlying issues inside the economy. Hayes Bitcoin to reach $70,000 by mid-2024 The bankruptcy of the U.S. banking framework and a yield bend reversal in U.S. bonds were
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