Arthur Hayes and Joe Rogan Shout Out Bitcoin & MORE! Weekly Crypto News | 11 Oct 2023

Bitcoin Price Predictions: Could Bitcoin Reach $750,000 to $1 Million by 2026?

In the latest news from Coin Telegraph, AR for Hayes, the BitMEX finder, predicts that Bitcoin could reach a staggering $750,000 to $1 million by 2026. Hayes believes that a major financial crisis, potentially worse than the Great Depression, is looming near the end of the decade. He argues that the United States government’s tendency to intervene in economic crises with bailouts creates an endless cycle of central bank printing, leading to inflation and preventing natural market cycles. Despite this gloomy outlook on the global and US economy, Hayes still expects Bitcoin to outperform, citing negative real rates and the potential approval of a spot Bitcoin exchange-traded fund as catalysts for its growth.

Joe Rogan: Bitcoin as the Universal Viable Currency

In a recent episode of The Joe Rogan Experience podcast, Joe Rogan expressed his deep fascination with Bitcoin, singling it out as the most captivating player in the digital asset space. Rogan highlighted Bitcoin’s limited supply and decentralized mining process as factors that make it a strong contender for widespread adoption. He praised Bitcoin’s implementation and its potential to become a universal viable currency.

Jeremy Grantham’s Warning: S&P 500 Crash, Housing Price Slide, and Recession

Jeremy Grantham, co-founder of GMO and market bubble historian, has floated the possibility of a 50% crash in the S&P 500, predicted a drop in housing prices, and rang the recession alarm. Grantham also criticized Bitcoin as a scam and advised against buying US stocks or real estate. He shared his outlook for fossil fuels and artificial intelligence as well. Check out the article for a compilation of Grantham’s best quotes.

Binance CEO Predicts Bitcoin Price to Reach $300,000

According to Binance CEO CZ, the Bitcoin price is primed for a breakout and multiple all-time highs after next year’s halving event. CZ points out that Bitcoin has consistently hit multiple all-time highs after each halving, and he predicts that the new all-time high could reach into the hundreds of thousands of dollars. He emphasizes the importance of recognizing historical market cycles and expects Bitcoin to reach new heights in the coming years.

Major Crypto Exchanges Comply with New UK Regulations

In response to new Financial Promotions regulations introduced by the Financial Conduct Authority (FCA) in the United Kingdom, major global cryptocurrency exchanges like Binance and OKEx have announced measures to ensure compliance. Binance has launched a new domain exclusively for its UK-based users and formed a partnership with a local peer-to-peer lending platform. These changes will impact retail users in the UK, while institutional and professional investors are exempt from the new regulations.

Video-Based News

– Money Talks: Interview with Cathy Woods – In this 11-minute interview, Cathy Woods shares her predictions for the market cycle in 2024 and challenges the prevailing narratives.
– Altcoin Daily: Why the 2024 Bitcoin Bull Run is Different – This 9-minute video discusses why the upcoming Bitcoin bull run in 2024 may differ from previous crypto runs, providing valuable insights for investors.
– Coin Bureau: General Crypto News – In this 20-minute video, Coin Bureau covers various topics, including the market crash, cash, Ethereum ETF, oil, gas, and more, offering a comprehensive overview of the current crypto landscape.

Frequently Asked Questions

1. What is the predicted price of Bitcoin by 2026?

AR for Hayes, the BitMEX finder, predicts that Bitcoin could reach a range of $750,000 to $1 million by 2026.

2. Why does Joe Rogan consider Bitcoin as the most likely universal viable currency?

Joe Rogan highlights Bitcoin’s limited supply and decentralized mining process as factors that make it a strong contender for becoming a universal viable currency.

3. What are Jeremy Grantham’s warnings about the S&P 500, housing prices, and a recession?

Jeremy Grantham suggests the possibility of a 50% crash in the S&P 500, predicts a drop in housing prices, and rings the recession alarm. He also criticizes Bitcoin as a scam.

4. What is the prediction for Bitcoin’s price by Binance CEO?

Binance CEO CZ predicts that the Bitcoin price will hit multiple all-time highs in 2025, with the new all-time high potentially reaching hundreds of thousands of dollars.

5. How are major crypto exchanges complying with new UK regulations?

Major global cryptocurrency exchanges like Binance and OKEx have announced measures to ensure compliance with new UK regulations, including launching localized domains and forming partnerships with local platforms.

Please note that the information provided in this article is based on the sources mentioned and should not be considered financial advice. It is always recommended to conduct thorough research and consult with a professional before making any investment decisions.