Irish Journalist: Bitcoin and Ethereum Price Predictions Soar as BitMex’s Former CEO Makes Bold Claims
In a recent turn of events, Arthur Hayes, the former CEO of BitMex, allegedly made some bold predictions about the future price levels of Bitcoin and Ethereum. Hayes, known for his outspoken nature, claimed that Bitcoin would reach $1 million and Ethereum would surge to hit $100,000. While it remains unclear whether Hayes genuinely believes in these price targets or if he was simply trolling his followers, his statements have certainly garnered attention within the cryptocurrency community.
Hayes has been known to frequently share his expectations for the future of cryptocurrencies. Just today, he shared an ETH/USD chart from BitMex, highlighting the fact that Ethereum briefly soared above the $2,100 level. This significant increase of 5.69% in less than a day, adding $2,000 to the price, caught the attention of many. The surge in Ethereum’s price was attributed to Bloomberg analysts who anticipate the U.S. regulator, the SEC, to potentially approve 12 Bitcoin spot ETFs, including those of BlackRock and Grayscale, within a 12-day window starting on Thursday.
Bloomberg analyst James Seyffart further added to the speculation by expressing his belief that the first BTC ETF could be approved by early January. Seyffart even went as far as stating that there is a 90% probability of this happening. With such positive sentiment surrounding the potential approval of Bitcoin ETFs, Ethereum followed suit and experienced a surge, reaching the $2,133 level.
However, it is important to note that both Bitcoin and Ethereum have since lost some momentum. As of now, Bitcoin is trading at $36,943, while Ethereum is exchanging hands at $2,071. These price levels indicate a slight decrease from their recent highs, but the overall market sentiment remains positive.
It is crucial to approach these predictions with caution, as the cryptocurrency market is notoriously volatile. While some analysts and industry figures may make bold claims about future price levels, it is important to conduct thorough research and consider multiple perspectives before making any investment decisions.
In conclusion, Arthur Hayes’ predictions about Bitcoin reaching $1 million and Ethereum surging to $100,000 have sparked interest within the cryptocurrency community. However, it is essential to approach these claims with skepticism and conduct proper due diligence. The cryptocurrency market remains highly unpredictable, and investors should exercise caution when making financial decisions.