Bitcoin is predicted to grow to $ 100,000 by the end of 2024

Arthur Hayes, the former CEO and co-founder of the BitMEX cryptocurrency exchange, shared his forecast of the value of bitcoin and ethereum by the end of 2024. According to the investor, BTC $65,902.95 Bitcoin 0.63% Market capitalization $1.3 trillion VOL. 24 hours $0.52 billion will reach $ 100,000, and ETH $2,666.98 Bridged Ether (StarkGate) 0.21% Market capitalization $0.2 billion VOL. 24 hours $0.42 billion - $ 5,000.

Arthur Hayes recommended that investors focus on cryptocurrency projects that demonstrate reliable profit models and not use a large amount of borrowed funds. He also called on voters who own cryptocurrencies to demand practical actions from politicians before giving them support in the November 4 US presidential election.

According to the billionaire, bitcoin and ethereum have growth potential due to the growth of liquidity and industry dynamics. «Strategic investments in the industry and political coordination will help to shape the upward trend of cryptocurrencies,» he said.

Hayes believes that as the price of bitcoin rises, its owners will spend their capital on digital artifacts of cultural value rather than on useless company shares. Despite the ongoing uncertainty in the stock market, and especially in the segment of Japanese securities and the yuan, the expert said that the first cryptocurrency should not fall below $ 40,000.

Earlier, Arthur Hayes expressed the opinion that the US government should solve financial problems in a new way, and reserves in the first cryptocurrency are unlikely to be created under any White House administration.