# Arthur Hayes: Bitcoin to $70,000 by Dec 31, 2024

Updated Sep 29, 2026 · Web page: https://predictionverifier.com/predictions/arthur-hayes-bitcoin-70k-by-2024/

Arthur Hayes' prediction that Bitcoin would reach $70,000 by December 31, 2024 came true. Bitcoin closed at $72,111 on March 11, 2024, the first close at or above the target. Arthur Hayes made the call on CryptoPotato on May 29, 2023, when Bitcoin was at $28,070. The target needed a 149% rise in one year and seven months.

| Field | Value |
|---|---|
| Status | Hit |
| Person | [Arthur Hayes](https://predictionverifier.com/people/arthur-hayes/) |
| Asset | [Bitcoin (BTC)](https://predictionverifier.com/assets/bitcoin/) |
| Outlet | CryptoPotato |
| Said on | May 29, 2023 |
| Quote | “I don’t think we get up to $70,000 this year. Next year is when we cross that barrier and then we get the blow-off top 2025, 2026.” |
| Price when said → target | $28,070 → $70,000 |
| Change | +149% from the price when said |
| Deadline | Dec 31, 2024 |
| Deciding close | First close at or above the target: $72,111 (Mar 11, 2024) |
| Source | [CryptoPotato](https://cryptopotato.com/former-bitmex-head-arthur-hayes-predicts-no-all-time-high-for-bitcoin-in-2023/) |
| Archive | [Archive](https://web.archive.org/web/20260508141756/https://cryptopotato.com/former-bitmex-head-arthur-hayes-predicts-no-all-time-high-for-bitcoin-in-2023/) |
| How we check | [How we check predictions](https://predictionverifier.com/how-we-check-predictions/#touch) |
| Public ID | #ba1d4 |

## What was said

[Arthur Hayes](https://predictionverifier.com/people/arthur-hayes/) · Chief Investment Officer and Co-Founder, Maelstrom · 8 predictions · 2 hit · 3 missed · 3 open

CryptoPotato, May 29, 2023 · [Source](https://cryptopotato.com/former-bitmex-head-arthur-hayes-predicts-no-all-time-high-for-bitcoin-in-2023/) · [Archive](https://web.archive.org/web/20260508141756/https://cryptopotato.com/former-bitmex-head-arthur-hayes-predicts-no-all-time-high-for-bitcoin-in-2023/)

> I don’t think we get up to $70,000 this year. Next year is when we cross that barrier and then we get the blow-off top 2025, 2026.

Hayes tied the timing to the Bitcoin halving due in 2024, which he called crucial for the trend and expected to make 2024 a good year. He said he did not expect Bitcoin to reach $70,000 in 2023 and described a blow-off top in 2025-2026 followed by what he called Armageddon, a societal event driven by money printing and social discontent.

## How we checked this

The prediction comes true if any daily close from May 29, 2023 to Dec 31, 2024, inclusive, is at or above $70,000. Prices are daily closes in UTC, not intraday highs.

- Price when said: $28,070 (May 28, 2023) · [price data](https://exchange.coinbase.com/trade/BTC-USD)
- Deciding close: $72,111 (Mar 11, 2024) · [price data](https://exchange.coinbase.com/trade/BTC-USD)

[How we check predictions](https://predictionverifier.com/how-we-check-predictions/)

## More from Arthur Hayes

- [Arthur Hayes: Ethereum to $5,000 by Dec 31, 2026](https://predictionverifier.com/predictions/arthur-hayes-ethereum-5k-by-2026/) · Open · $1,859 → $5,000 · Deadline Dec 31, 2026 · #7ab1d
  “Hayes also forecast that Ether (ETH) would reach $5,000 by year-end and said Maelstrom intends to build a significant position while selling out-of-the-money ETH put options.”
- [Arthur Hayes: Bitcoin at or above $500,000 on Dec 31, 2026](https://predictionverifier.com/predictions/arthur-hayes-bitcoin-500k-by-2026/) · Open · $76,349 → $500,000 · Deadline Dec 31, 2026 · #a5999
  “Adding to the bullish sentiment, BitMEX co-founder Arthur Hayes has set an end-of-year Bitcoin price target of $500,000 and a $200 target for HYPE, in an exclusive interview with Coinpedia, while reaffirming that the majority of his personal wealth remains stored in Bitcoin.”
- [Arthur Hayes: Ethereum at or above $10,000 on Dec 31, 2025](https://predictionverifier.com/predictions/arthur-hayes-ethereum-10k-by-2025/) · Missed · $3,630 → $10,000 · Deadline Dec 31, 2025 · #c6798
  “My year-end targets: Bitcoin = $250,000. Ether = $10,000.”
- [Arthur Hayes: Bitcoin to $1,000,000 by Dec 31, 2028](https://predictionverifier.com/predictions/arthur-hayes-bitcoin-1m-by-2028/) · Open · $97,058 → $1,000,000 · Deadline Dec 31, 2028 · #e662b
  “That flood of liquidity, paired with America’s inability to rein in spending, is why Hayes says Bitcoin is heading to $1 million by 2028.”
- [Arthur Hayes: Bitcoin to $250,000 by Dec 31, 2025](https://predictionverifier.com/predictions/arthur-hayes-bitcoin-250k-by-2025/) · Missed · $82,534 → $250,000 · Deadline Dec 31, 2025 · #0a962
  “I still believe Bitcoin can hit $250,000 by year-end because now that the BBC has put Powell in his place, the Fed will flood the market with dollars”

## Other Bitcoin predictions

- [Brian Armstrong: Bitcoin to $400,000 by Dec 31, 2030](https://predictionverifier.com/predictions/brian-armstrong-bitcoin-400k-by-2030/) · Open · $78,284 → $400,000 · Deadline Dec 31, 2030 · #bcf13
  “Coinbase chief executive Brian Armstrong still expects Bitcoin to reach $400,000 by 2030, he told CNBC Squawk Box Asia on Thursday, calling it a "reasonable target" even as BTC currently trades around $77,000.”
- [Tim Draper: Bitcoin to $250,000 by Jul 4, 2027](https://predictionverifier.com/predictions/tim-draper-bitcoin-250k-by-july-2027/) · Open · $62,520 → $250,000 · Deadline Jul 4, 2027 · #27561
  ““It just wasn’t me. I haven’t touched it. Arkham has it wrong,” Draper told Cointelegraph, adding that he still expects Bitcoin to reach $250,000 within one year.”
- [Tim Draper: Bitcoin to $250,000 by Oct 14, 2027](https://predictionverifier.com/predictions/tim-draper-bitcoin-250k-by-october-2027/) · Open · $74,446 → $250,000 · Deadline Oct 14, 2027 · #60478
  “I have reason to believe that bitcoin will reach $250K in 18 months … eventually I expect the number to be higher as bitcoin rises and the dollar falls to inflationary pressures.”
- [Tim Draper: Bitcoin to $250,000 by Dec 31, 2026](https://predictionverifier.com/predictions/tim-draper-bitcoin-250k-by-2026/) · Open · $93,722 → $250,000 · Deadline Dec 31, 2026 · #52073
  “2026 será grande. Bitcoin se vuelve convencional. Mi predicción de $250K finalmente alcanzada.”
- [Geoff Kendrick: Bitcoin to $500,000 by Dec 31, 2030](https://predictionverifier.com/predictions/geoff-kendrick-bitcoin-500k-by-2030/) · Open · $90,654 → $500,000 · Deadline Dec 31, 2030 · #bbcaf
  “Geoff Kendrick, the firm's global head of digital assets research, said he now expects the $500,000 level to be met in 2030, two years later than previously forecast.”

## More on this prediction

- [Arthur Hayes' price predictions](https://predictionverifier.com/people/arthur-hayes/)
- [Bitcoin price predictions](https://predictionverifier.com/assets/bitcoin/)
- [Bitcoin price predictions for 2024](https://predictionverifier.com/assets/bitcoin/2024/)
- [2024 price predictions](https://predictionverifier.com/years/2024/)

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