Best Crypto to Buy Now as Arthur Hayes Predicts Debt-Ridden US Will Halt Bitcoin Purchases
The post Best Crypto to Buy Now as Arthur Hayes Predicts Debt-Ridden US Will Halt Bitcoin Purchases appeared on BitcoinEthereumNews.com. In news that portrays a realistic picture of the current state of the economy—at a time when the US is going all-in on Bitcoin—Arthur Hayes has made a prediction that could impact the future of BTC. “The United States is a deficit country,” said BitMEX co-founder Arthur Hayes, noting that while the US is already holding 198,012 Bitcoin, it may not continue to do so. He further stated that the only way the US can maintain a strategic reserve is by not selling the Bitcoin it already holds. He dismissed the idea that the US will openly purchase more Bitcoin, especially considering the debt-ridden condition the country is already in. Naturally, statements like these could influence people’s decisions when choosing the best crypto to buy now. A small correction has already been observed in BTC’s price, with the world’s largest crypto pulling back from its path to $100K due to a 0.61% loss registered in the last 24 hours. Despite the Comments, Arthur Hayes Has Faith in Bitcoin’s Dominance While Arthur Hayes’ statement may seem somewhat bearish, it’s important to note that the BitMEX co-founder still prefers Bitcoin over other altcoins. He predicts that Bitcoin will continue to dominate and will soon behave similarly to how it did in 2021. At the time of writing, CoinMarketCap shows that Bitcoin’s dominance stands at 63.9%, followed by Ethereum at 7.4%. Other tokens collectively hold a dominance of 28.7%. Another indication of Arthur Hayes’ bullish outlook is a recent statement he made about whether the world’s largest crypto will reach the $1 million mark: “Don’t worry. Bitcoin is going to $1 million by 2028,” he said at the Token2049 conference in Dubai on April 30. Best Crypto to Buy Now Other than Bitcoin While the overall community sentiment around Bitcoin is bullish, it…
The post Best Crypto to Buy Now as Arthur Hayes Predicts Debt-Ridden US Will Halt Bitcoin Purchases appeared on BitcoinEthereumNews.com.
In news that portrays a realistic picture of the current state of the economy—at a time when the US is going all-in on Bitcoin—Arthur Hayes has made a prediction that could impact the future of BTC. “The United States is a deficit country,” said BitMEX co-founder Arthur Hayes, noting that while the US is already holding 198,012 Bitcoin, it may not continue to do so. He further stated that the only way the US can maintain a strategic reserve is by not selling the Bitcoin it already holds. He dismissed the idea that the US will openly purchase more Bitcoin, especially considering the debt-ridden condition the country is already in. Naturally, statements like these could influence people’s decisions when choosing the best crypto to buy now. A small correction has already been observed in BTC’s price, with the world’s largest crypto pulling back from its path to $100K due to a 0.61% loss registered in the last 24 hours. Despite the Comments, Arthur Hayes Has Faith in Bitcoin’s Dominance While Arthur Hayes’ statement may seem somewhat bearish, it’s important to note that the BitMEX co-founder still prefers Bitcoin over other altcoins. He predicts that Bitcoin will continue to dominate and will soon behave similarly to how it did in 2021. At the time of writing, CoinMarketCap shows that Bitcoin’s dominance stands at 63.9%, followed by Ethereum at 7.4%. Other tokens collectively hold a dominance of 28.7%. Another indication of Arthur Hayes’ bullish outlook is a recent statement he made about whether the world’s largest crypto will reach the $1 million mark: “Don’t worry. Bitcoin is going to $1 million by 2028,” he said at the Token2049 conference in Dubai on April 30. Best Crypto to Buy Now Other than Bitcoin While the overall community sentiment around Bitcoin is bullish, it…
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