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

Updated

What was said

Photo of Arthur Hayes
Arthur Hayes

Chief Investment Officer and Co-Founder, Maelstrom

CryptoPotato, May 29, 2023SourceArchive

8 predictions · 2 hit · 3 missed · 3 open

Photo: When Shift Happens, CC BY 3.0

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

HitDeadline

Price when said
$28,070 closeprice data
Target
$70,000+149%
First close at target
$72,111price data

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.

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