Arthur Hayes, who had to leave the BitMEX exchange of which he was one of the founders in 2020 due to the tax evasion case filed by the US Department of Justice, but remained in the cryptocurrency industry and made his presence known with his posts, stated that he gave up his expectation of a decrease.

Hayes claimed at the beginning of January that he believed there was going to be a short-term decrease in the price of Bitcoin and that he bought options for $35,000 which would expire at the end of March.

“ATH of $70,000 by the end of the year”

Evaluating the markets in an interview and stating that he would close the positions he took in Bitcoin, Hayes said:

“At the beginning of the banking crisis last year, Bitcoin crashed. I expected the same thing to happen again, but it didn’t. It fell below 40 thousand dollars, went to 38 thousand, but it did not fall as far as I expected. I will close the positions I opened. Bitcoin is rising again. In fact, it doesn’t do what I want, what I think it should do. But it doesn’t matter. It will rise at the end of the day. I am already opening these transactions to earn extra money. “I think Bitcoin will reach its all-time high of $70,000 by the end of the year.”

A new banking crisis may occur

Hayes also stated that a new banking crisis may occur due to what is happening in the real estate industry. Saying that banks are dependent on this industry for loans, Hayes said, “The central bank will print money to create large amounts of liquidity in the markets to save the economy.”