Arthur Hayes, co-founder of global crypto exchange BitMEX, tweeted on X (formerly Twitter): "Federal Reserve (Fed) Chairman Jerome Powell insists that the US economy and banks are still quite strong, but the share price of New York Community Bank (NYCB) the day before says otherwise. Who's right, the markets or the central bank?" he said. On the New York Stock Exchange, NYCB shares closed down 10.8% on the previous trading day. Arthur Hayes continued, "A bailout is coming. Bitcoin will go to $1 million." Earlier in the day, he said, "If NYCB and some other banks start to see share price declines due to poor performance, a bailout will follow. In that case, we could see a bitcoin rally like we saw in March last year.
Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote a blog post on his blog about what he sees as the key narratives for the crypto market going forward and which projects to watch. Here's how Coinness sums them up 1. Retail derivatives trading volume will shift from
According to Bitcoin.com, Coinbase CEO Brian Armstrong said during the company's recent Q4 20/23 earnings call that "every institutional investor now owns crypto. Cryptocurrency has become a standard asset in institutional portfolios." "Institutions will continue to put crypto on their balance sheets and
Bitwise CIO Matt Hogan wrote on X (Twitter), "Several bitcoin spot ETFs saw record trading volumes on Tuesday (US time). Demand for ETFs is likely to continue." The Bitwise Bitcoin ETF (BITB) traded 6.3 million shares ($179 million) on Tuesday, according to Yahoo Finance. Trading volume in