Arthur Hayes: Bitcoin Will Enjoy New Rally in 2024

Arthur Hayes, the former CEO of BitMEX, predicted on the What Bitcoin Did podcast that Bitcoin could reach an all-time high before 2024.

Hayes explained that such a surge could be a result of social change, including a major war caused by popular discontent and quantitative easing policies.

He also highlighted the 2024 halving as a major driving force behind the rise of Bitcoin.

In addition, Hayes believes that December 2022 marks the bottom of the current crypto market cycle.

Finally, analysts from JPMorgan expect the halving of 2024 to drive the price of the digital currency to $40,000.