Fresh press hit from today, unlike the other, recent one, this one is a rather bullish one, but based only on Arthur Hayes (Bitmex) so take it for what it's worth.
Crypto Now Braced For A ‘Powder Keg’ That Could Play Havoc With The Price Of Bitcoin And Ethereumhttps://www.forbes.com/sites/digital-assets/2023/06/02/crypto-now-braced-for-a-powder-keg-that-could-play-havoc-with-the-price-of-bitcoin-and-ethereum/Bitcoin, ethereum and crypto prices have been trading sideways for months (though the CEO of one major crypto company thinks that could be about to change).
The bitcoin price has dropped back from year-to-date highs of just over $30,000 per bitcoin, with the ethereum price falling along with it—even as excitement over a possible end to Ripple's long-running legal battle has helped XRP break out.
Now, after JPMorgan analysts issued a severe $1.1 trillion warning, the former chief executive of bitcoin and crypto exchange Bitmex Arthur Hayes has predicted a crypto market "powder keg" could go off as soon as this year.
"You’re basically putting this powder keg together of a situation that’s going to be exploding in [the third and fourth quarter] of this year, and I think, ultimately, it will be good for bitcoin," Hayes, who now runs a family office called Maelstrom, told the What Bitcoin Did podcast. "It will be quite volatile on the upside and the downside."
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