{"id":487904,"date":"2022-04-12T18:00:49","date_gmt":"2022-04-12T18:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=487904"},"modified":"2024-06-11T14:19:05","modified_gmt":"2024-06-11T14:19:05","slug":"arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/","title":{"rendered":"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June"},"content":{"rendered":"<p>Former BitMEX CEO Arthur Hayes <a href=\"https:\/\/blog.bitmex.com\/the-q-trap\/\" target=\"_blank\" rel=\"noopener nofollow\">posted<\/a> another prediction for Bitcoin and Ethereum. At the same time, the top cryptocurrencies by market cap continue moving in a tight range with today\u2019s U.S. Consumer Price Index (CPI) increasing volatility across the board.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-resumes-decline-40k\/\" target=\"_blank\" rel=\"noopener \">TA: Bitcoin Resumes Decline, Why BTC Could Revisit $40K<\/a><\/strong><\/p>\n<p>At the time of writing, Bitcoin trades at $40,500 with a 1% loss in the last 24-hours and a 13% loss in the last week. Ethereum trades at $3,000 with similar performance over this period.<\/p>\n<figure id=\"attachment_487969\" aria-describedby=\"caption-attachment-487969\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-487969 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-BTC-BTCUSD-5.png?resize=860%2C378\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"378\"><figcaption id=\"caption-attachment-487969\" class=\"wp-caption-text\">BTC moving sideways on the 4-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/1GNYms9y\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>As NewsBTC has been reporting, Hayes believes the current financial system supported by the \u201cPetrodollar\u201d has ended. This opened the door for a new system where independent currencies, such as Bitcoin and Ethereum, will see more demand.<\/p>\n<p>Ethereum stands to benefit the most in the short term as it will transition to a Proof-of-Stake (PoS) consensus algorithm. Thus, it\u2019ll see a 99% decline in its energy consumption with a staking system that will yield rewards to network validators.<\/p>\n<p>Institutions will take shelter from inflation using this system, Hayes argued. However, the top cryptocurrencies will undergo an increase in selling pressure in the short to medium term as the U.S. Federal Reserve attempts to tame inflation.<\/p>\n<p>This will lead to a bloody financial market coming May when the FED will begin its tightening program. At the time, the former BitMEX executive claims Bitcoin and Ethereum show high levels of correlation with traditional markets, specifically the Nasdaq 100 Index (NDX).<\/p>\n<p>In other words, crypto is trading as a big tech company. Hayes believes this correlation needs to trend to the downside before Bitcoin and Ethereum can begin their ascend to new all-time highs.<\/p>\n<p>Before that happens, the NDX and the traditional market will be pushed into the red with potential drawdowns of 30% to 50%. This could take BTC and ETH to re-test their critical support zones at around $30,000 and $2,000, respectively.<\/p>\n<h2>Proof Of The Ethereum and Bitcoin Carnage<\/h2>\n<p>As evidence of this upcoming bloodbath, Hayes claims the NDX on its one-year chart demonstrates potential weakness. The Index failed to break above the 61.8% Fibonacci Retracement with a prolongation of the downtrend, this suggests further losses. Hayes said:<\/p>\n<blockquote><p>The chart tells me the NDX will continue lower, test its local low, and break decidedly below it. I believe the next stop after that is to test 10,000 (\u2026). the crypto capital markets are the only free markets left globally. As such, they will lead equities lower as we head into the downturn, and lead equities higher as we work our way out of it. Bitcoin and Ether will bottom well before the Fed acts and U-turns its policy from tight to loose.<\/p><\/blockquote>\n<figure id=\"attachment_487966\" aria-describedby=\"caption-attachment-487966\" style=\"width: 510px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-487966 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-Ethereum.gif?resize=510%2C343\" alt=\"Bitcoin Ethereum\" width=\"510\" height=\"343\"><figcaption id=\"caption-attachment-487966\" class=\"wp-caption-text\">Source: Arthur Hayes<\/figcaption><\/figure>\n<p style=\"text-align: center\"><strong>Related Reading |\u00a0<\/strong><strong><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-price-plummets-below-40000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations<\/a><\/strong><\/p>\n<p>In the long run, Bitcoin will hit $1 million per coin and Ethereum over $10,000, Hayes previously stated. A lot depends on the FED which seems trapped in its current situation, and in the Ukraine-Russia conflict and its resolution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum. At the same time, the top cryptocurrencies by market cap continue moving in a tight range with today\u2019s U.S. Consumer Price Index (CPI) increasing volatility across the board. Related Reading |\u00a0TA: Bitcoin Resumes Decline, Why BTC Could Revisit $40K At the time of writing, Bitcoin trades at $40,500 with a 1% loss in the last 24-hours and a 13% loss in the last week. Ethereum trades at $3,000 with similar performance over this period. As NewsBTC has been reporting, Hayes believes the current financial system supported by the \u201cPetrodollar\u201d has ended. This opened the door for a new system where independent currencies, such as Bitcoin and Ethereum, will see more demand. Ethereum stands to benefit the most in the short term as it will transition to a Proof-of-Stake (PoS) consensus algorithm. Thus, it\u2019ll see a 99% decline in its energy consumption with a staking system that will yield rewards to network validators. Institutions will take shelter from inflation using this system, Hayes argued. However, the top cryptocurrencies will undergo an increase in selling pressure in the short to medium term as the U.S. Federal Reserve attempts to tame inflation. This will lead to a bloody financial market coming May when the FED will begin its tightening program. At the time, the former BitMEX executive claims Bitcoin and Ethereum show high levels of correlation with traditional markets, specifically the Nasdaq 100 Index (NDX). In other words, crypto is trading as a big tech company. Hayes believes this correlation needs to trend to the downside before Bitcoin and Ethereum can begin their ascend to new all-time highs. Before that happens, the NDX and the traditional market will be pushed into the red with potential drawdowns of 30% to 50%. This could take BTC and ETH to re-test their critical support zones at around $30,000 and $2,000, respectively. Proof Of The Ethereum and Bitcoin Carnage As evidence of this upcoming bloodbath, Hayes claims the NDX on its one-year chart demonstrates potential weakness. The Index failed to break above the 61.8% Fibonacci Retracement with a prolongation of the downtrend, this suggests further losses. Hayes said: The chart tells me the NDX will continue lower, test its local low, and break decidedly below it. I believe the next stop after that is to test 10,000 (\u2026). the crypto capital markets are the only free markets left globally. As such, they will lead equities lower as we head into the downturn, and lead equities higher as we work our way out of it. Bitcoin and Ether will bottom well before the Fed acts and U-turns its policy from tight to loose. Related Reading |\u00a0Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations In the long run, Bitcoin will hit $1 million per coin and Ethereum over $10,000, Hayes previously stated. A lot depends on the FED which seems trapped in its current situation, and in the Ukraine-Russia conflict and its resolution.<\/p>\n","protected":false},"author":535,"featured_media":484277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,8323,1946,8686],"class_list":["post-487904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-eth","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage<\/title>\n<meta name=\"description\" content=\"Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum with potential downside for the top cryptocurrencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage\" \/>\n<meta property=\"og:description\" content=\"Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum with potential downside for the top cryptocurrencies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-12T18:00:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:19:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June\",\"datePublished\":\"2022-04-12T18:00:49+00:00\",\"dateModified\":\"2024-06-11T14:19:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/\"},\"wordCount\":528,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707\",\"keywords\":[\"bitcoin\",\"btc\",\"ETH\",\"ethereum\",\"ethusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/\",\"url\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/\",\"name\":\"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707\",\"datePublished\":\"2022-04-12T18:00:49+00:00\",\"dateModified\":\"2024-06-11T14:19:05+00:00\",\"description\":\"Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum with potential downside for the top cryptocurrencies.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707\",\"width\":2560,\"height\":1707,\"caption\":\"bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage","description":"Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum with potential downside for the top cryptocurrencies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/","og_locale":"en_US","og_type":"article","og_title":"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage","og_description":"Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum with potential downside for the top cryptocurrencies.","og_url":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-04-12T18:00:49+00:00","article_modified_time":"2024-06-11T14:19:05+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June","datePublished":"2022-04-12T18:00:49+00:00","dateModified":"2024-06-11T14:19:05+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/"},"wordCount":528,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707","keywords":["bitcoin","btc","ETH","ethereum","ethusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/","url":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/","name":"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707","datePublished":"2022-04-12T18:00:49+00:00","dateModified":"2024-06-11T14:19:05+00:00","description":"Former BitMEX CEO Arthur Hayes posted another prediction for Bitcoin and Ethereum with potential downside for the top cryptocurrencies.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707","width":2560,"height":1707,"caption":"bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Arthur Hayes\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June","url":"http:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","eth","ethereum","ethusd"],"dateCreated":"2022-04-12T18:00:49Z","datePublished":"2022-04-12T18:00:49Z","dateModified":"2024-06-11T14:19:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Arthur Hayes\\u2019 Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/arthur-hayes-crystal-ball-predicts-bitcoin-and-ethereum-to-see-carnage-in-june\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/bitcoin-5-scaled.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/bitcoin-5-scaled.jpeg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"eth\",\"ethereum\",\"ethusd\"],\"dateCreated\":\"2022-04-12T18:00:49Z\",\"datePublished\":\"2022-04-12T18:00:49Z\",\"dateModified\":\"2024-06-11T14:19:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/bitcoin-5-scaled.jpeg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/487904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=487904"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/487904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/484277"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=487904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=487904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=487904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}