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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitmex-co-founder-predicts-bitcoin-surge-due-to-key-catalysts/" data-wpel-link="internal">BitMEX Co-Founder Predicts Bitcoin Surge Due to Key Catalysts</a><br></p>
<p style="text-align: justify"><strong>BitMEX</strong> co-founder Arthur Hayes has expressed his belief that two critical catalysts could propel <a href="https://en.coin-turk.com/anticipation-builds-as-bitcoin-etf-approval-rumors-boost-investor-excitement/" data-wpel-link="internal">Bitcoin</a> (BTC) to its all-time high. In recent statements, the prominent CEO Arthur Hayes claimed that the newly launched spot Bitcoin exchange-traded funds (ETFs) have accumulated a significant amount that could contribute to the leading <strong>cryptocurrency</strong>‘s upward momentum.</p> 
<h2 style="text-align: justify" id="ceo-comments-on-eth-accumulation">CEO Comments on ETH Accumulation</h2> 
<p style="text-align: justify">Hayes suggested that the accumulation of spot ETFs and potential interest rate cuts by the Federal Reserve could cause Bitcoin’s value to skyrocket to “unimaginable levels”. According to the CME Group’s FedWatch tool, the Fed may begin cutting interest rates as early as June. Arthur Hayes then predicts that <strong>Ethereum (ETH)</strong>, as the leading smart contract platform, will see a significant rise if a spot market ETF is approved. The expert also mentioned that some <a href="https://coin-turk.com/chiliz-chz-icin-kritik-tarih-geldi-catti-kritik-aciklamada-yatirimcilari-ne-bekliyor" data-wpel-link="internal">altcoin</a> projects could outperform both BTC and ETH in the current market, adding the following:</p> 
<blockquote> 
 <p>Currently, the energy and attention are on the astonishing amount of <strong>Bitcoin</strong> accumulated by spot ETFs listed in the US. This, coupled with a global depreciation party, will take Bitcoin to unimaginable currency heights. The upcoming US-listed Ethereum ETF will also boost Ether prices. I have Bitcoin and <strong>Ethereum</strong>. I might buy some more, but generally, my focus is shifting to Shitcoins.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-318425 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/ethh.jpg" alt="" width="1316" height="632"></p> 
<h2 id="hayes-statement-on-cryptocurrency">Hayes’ Statement on Cryptocurrency</h2> 
<p style="text-align: justify">Arthur Hayes has previously stated that innovations in artificial intelligence (<a href="https://newslinker.co/category/ai/" data-wpel-link="exclude">AI</a>) and a less stringent monetary policy from the Federal Reserve could increase the total cryptocurrency market value by trillions of dollars over the years. Consequently, BitMEX co-founder Arthur Hayes predicts that Bitcoin and <strong>Ethereum</strong> will gain value due to the impact of spot market ETFs and the Federal Reserve’s interest rate cuts. According to Hayes, ETF accumulation and interest rate cuts could increase the total value of the cryptocurrency market by trillions of dollars over the years.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitmex-co-founder-predicts-bitcoin-surge-due-to-key-catalysts/" data-wpel-link="internal">BitMEX Co-Founder Predicts Bitcoin Surge Due to Key Catalysts</a></h5>

BitMEX Co-Founder Predicts Bitcoin Surge Due to Key Catalysts

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