Former BitMEX CEO: Bitcoin to Face Volatility Amid US Banking Crisis

Former BitMEX CEO Arthur Hayes predicts significant Bitcoin volatility due to the US banking crisis and soaring national debt, suggesting it won't reach a new all-time high this year. He anticipates a "powder keg" explosion in Q3 or Q4, leading to a decline in equities and cryptocurrencies. Hayes doesn't expect Bitcoin to surpass $70,000 until 2024. Meanwhile, other analysts like Tommy Honan from Swyftx are optimistic, believing a debt deal could trigger a price surge. JPMorgan analysts foresee a potential Bitcoin price of $45,000, considering the halving event and regulatory actions. Hayes also mentioned his investment strategies and interest in staking Ether.