Popular cryptocurrency analyst Credible Crypto thinks that Bitcoin is probably on the verge of laying the groundwork for a meteoric rise. He believes that over the next two months, Bitcoin will likely consolidate within a constrained trading range before surging to record highs. He anticipates BTC to surpass $70,000 by the end of this year and reach a new all-time high before 2024. According to co-founder and former CEO of BitMEX Arthur Hayes, the Federal Reserve’s anticipated 25 basis point interest rate increase will cause Bitcoin to soar to $1 million. He also thinks that the loan book of the next failing bank will be heavily dominated by illiquid commercial real estate loans. Hayes has been consistent in his $1 million Bitcoin predictions.
