JUST IN: ARTHUR HAYES SAYS BITCOIN IS HEADED TO $250,000 IN 2025
Crypto pioneer Arthur Hayes predicts Bitcoin will surge to $250,000 before the end of this year, citing accelerating global demand and the weakening of fiat currencies.
ARTHUR HAYES: CIRCLE IS “GROSSLY OVERVALUED” — STABLECOIN IPOS WILL FAIL WITHOUT DISTRIBUTION
BitMEX co-founder Arthur Hayes warns that Circle’s IPO has sparked a “stablecoin mania” cycle, predicting that most new entrants will fail due to lack of distribution channels.
He describes these emerging firms as “Circle copycats” and cautions investors to trade them like a “hot potato.”
Hayes argues that the core challenge for any new stablecoin company is distribution, identifying three effective channels: centralized crypto exchanges, major Web2 platforms like social media giants, and traditional banking institutions. Without access to these, he believes new issuers stand little chance.
Source: @Cointelegraph
76
15.97K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.