In contrast to the larger banks in the United States that hold treasuries and mortgage-backed securities, the smaller regional banks in the United States remain at risk of failure, according to Arthur Hayes, CEO of the cryptocurrency exchange BitMEX.
He believes that the movement of exchanges from one country to another will benefit the cryptocurrency market by increasing the number of people familiar with Bitcoin.
“As long as more and more people become familiar with the crypto ecosystem, the industry will benefit,” he said.
“It’s a win for the industry.” In the interim, he provided a prediction regarding the timeframe in which the price of Bitcoin would surpass its all-time high.
According to the CEO of BitMEX, the price of Bitcoin may not reach $70,000 in 2018, but 2024 may be a good year for the cryptocurrency market.
As a result of rising geopolitical tensions, he predicted that the most prominent cryptocurrency would experience another decline in value between 2025 and 2026.
However, despite the possibility of earning a profit, he indicated that most individuals would not invest in Bitcoin.
Throughout the podcast, What Did Bitcoin, he shared his thoughts.
It is noteworthy that Hayes admitted to buying PEPE Coin, the viral memecoin that has dominated the cryptocurrency market for the past two months.