Former Bitmex CEO Arthur Hayes, who now runs a family office called Maelstrom, doesn’t see bitcoin breaking new highs this year — but is bullish from 2024 onward. “I don’t think we get up to $70,000 this year, I think next year is when we cross that barrier, then we get the blow off top [2025], [2026] and then it’s Armageddon,” Hayes said on the What Bitcoin Did podcast, pointing toward bitcoin’s halving event in 2024 as a key event. As for his comment on Armageddon, he explained that he’s referring to more of a societal change, such as a major war. He pointed to quantitative easing and social discontent as two factors that would lead to such an event.“It doesn’t have to be too straightforward, we just have this situation, we have this tinderbox of too much money, no trust and people trying to eke out a living for themselves,” Hayes said. He added that bitcoin would go down too in this scenario.
