{"id":566717,"date":"2023-12-23T23:00:14","date_gmt":"2023-12-23T23:00:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=566717"},"modified":"2024-06-11T07:52:44","modified_gmt":"2024-06-11T07:52:44","slug":"bitcoin-downfall-arthur-hayes","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/","title":{"rendered":"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The former CEO and co-founder of crypto exchange BitMEX, <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitmex-ceo-bitcoin-experiment-bright-future\/\"><span style=\"font-weight: 400\">Arthur Hayes<\/span><\/a><span style=\"font-weight: 400\">, has shared his thoughts on what could lead to Bitcoin\u2019s downfall. His recent comment also <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/arthur-hayes-blackrock-spot-bitcoin-etf\/\"><span style=\"font-weight: 400\">echoes the reservation<\/span><\/a><span style=\"font-weight: 400\"> that the crypto founder has about the potential launch of <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/institutional-investors-spot-etf\/\"><span style=\"font-weight: 400\">Spot Bitcoin ETFs<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2>TradFi Could Lead To Bitcoin\u2019s Downfall<\/h2>\n<p><span style=\"font-weight: 400\">In his <\/span><a href=\"https:\/\/cryptohayes.substack.com\/p\/expression\" rel=\"nofollow\"><span style=\"font-weight: 400\">last article<\/span><\/a><span style=\"font-weight: 400\"> for the year, Hayes stated that TradFi asset managers would \u201ccompletely destroy Bitcoin\u201d if the <\/span><a href=\"https:\/\/bitcoinist.com\/one-year-since-bitcoin-proshares-etf-launched\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ETFs managed by them<\/span><\/a><span style=\"font-weight: 400\"> were a huge success. He made this assertion as he alluded to Bitcoin\u2019s uniqueness. Hayes mentioned that the foremost crypto token is different from \u201cevery other monetary instrument humanity has ever used.\u201d<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/bnb\/bnb-price-crash-to-2\/\">Crypto Analyst Predicts Massive 99% BNB Price Crash To $2<\/a><\/div>\n<p><span style=\"font-weight: 400\">Due to Bitcoin\u2019s uniqueness, Hayes believes that it wasn\u2019t created to be in the hands of these asset managers. As such, they could end up destroying the crypto token, especially in a world where the world\u2019s largest asset managers end up holding all the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-hodling-50-btc-supply-unmoved-5-years-ago\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin in circulation<\/span><\/a><span style=\"font-weight: 400\">. If that were to happen, these firms would end up storing these crypto tokens, which shouldn\u2019t be so in Hayes\u2019 opinion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The BitMEX co-founder noted that Bitcoin \u201conly exists if it moves\u201d and that it will \u201cdie\u201d if it isn\u2019t used. His stance stems from the fact that he sees Bitcoin more as an asset that is meant to be actively traded rather than just being a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-will-beat-gold-as-store-of-value\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">store of value<\/span><\/a><span style=\"font-weight: 400\">. He also highlighted the fact that the Bitcoin network would also die if this were to happen.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Miners are known to <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-miner-revenue-ath\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">earn transaction fees<\/span><\/a><span style=\"font-weight: 400\"> from the network being utilized. However, if these tokens were no longer traded but all stored up, these miners would have no choice but to wind up their operations. Without these miners, \u201cthe network dies, and Bitcoin vanishes,\u201d Hayes asserted.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/uuGxmslO\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3266\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">BTC maintains $43,000 level | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<h2>Hayes\u2019 Reservations About A Spot Bitcoin ETF<\/h2>\n<p><span style=\"font-weight: 400\">Arthur Hayes\u2019 latest comment comes ahead of a potential approval of the <\/span><a href=\"https:\/\/bitcoinist.com\/bloomberg-analysts-take-on-spot-etf-approval-timing\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">pending Spot Bitcoin ETF applications<\/span><\/a><span style=\"font-weight: 400\">. The former BitMEX CEO has <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/arthur-hayes-blackrock-spot-bitcoin-etf\/\"><span style=\"font-weight: 400\">previously made his reservations known<\/span><\/a><span style=\"font-weight: 400\"> about these funds and their issuers. Then, he mentioned that these TradFi institutions weren\u2019t bullish on Bitcoin but were simply making this move to become \u201ccrypto gatekeepers.\u201d<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/hottest-altcoins-bull-market\/\">Here Are The Hottest Altcoins To Buy As The Bull Market Returns \u2013 Santiment<\/a><\/div>\n<p><span style=\"font-weight: 400\">Hayes also went as far as to discuss how these firms\u2019 interest in Bitcoin goes against Satoshi\u2019s vision of a decentralized system. However, unlike Hayes, some are looking to look at the bright side and how institutional interest in the foremost cryptocurrency can help with mainstream adoption.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bloomberg Analyst Eric Balchunas <\/span><a href=\"https:\/\/bitcoinist.com\/vaneck-revised-spot-bitcoin-etf\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">had once touched<\/span><\/a><span style=\"font-weight: 400\"> on the importance of these Spot Bitcoin ETFs, especially considering that many could just choose to hold Bitcoin instead. In his opinion, these ETFs are important because of the convenience they provide investors. Meanwhile, others are excited about the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-spot-etf-three-years\/#:~:text=The%20firm's%20estimates%20of%20inflows,the%20third%20year%20after%20launch.\" rel=\"nofollow\"><span style=\"font-weight: 400\">amount of capital<\/span><\/a><span style=\"font-weight: 400\"> that could flow in when these ETFs get approved.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Forkast News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin\u2019s downfall. His recent comment also echoes the reservation that the crypto founder has about the potential launch of Spot Bitcoin ETFs. TradFi Could Lead To Bitcoin\u2019s Downfall In his last article for the year, Hayes stated that TradFi asset managers would \u201ccompletely destroy Bitcoin\u201d if the ETFs managed by them were a huge success. He made this assertion as he alluded to Bitcoin\u2019s uniqueness. Hayes mentioned that the foremost crypto token is different from \u201cevery other monetary instrument humanity has ever used.\u201d Related Reading: Crypto Analyst Predicts Massive 99% BNB Price Crash To $2 Due to Bitcoin\u2019s uniqueness, Hayes believes that it wasn\u2019t created to be in the hands of these asset managers. As such, they could end up destroying the crypto token, especially in a world where the world\u2019s largest asset managers end up holding all the Bitcoin in circulation. If that were to happen, these firms would end up storing these crypto tokens, which shouldn\u2019t be so in Hayes\u2019 opinion. The BitMEX co-founder noted that Bitcoin \u201conly exists if it moves\u201d and that it will \u201cdie\u201d if it isn\u2019t used. His stance stems from the fact that he sees Bitcoin more as an asset that is meant to be actively traded rather than just being a store of value. He also highlighted the fact that the Bitcoin network would also die if this were to happen. Miners are known to earn transaction fees from the network being utilized. However, if these tokens were no longer traded but all stored up, these miners would have no choice but to wind up their operations. Without these miners, \u201cthe network dies, and Bitcoin vanishes,\u201d Hayes asserted.\u00a0 BTC maintains $43,000 level | Source: BTCUSD on Tradingview.com Hayes\u2019 Reservations About A Spot Bitcoin ETF Arthur Hayes\u2019 latest comment comes ahead of a potential approval of the pending Spot Bitcoin ETF applications. The former BitMEX CEO has previously made his reservations known about these funds and their issuers. Then, he mentioned that these TradFi institutions weren\u2019t bullish on Bitcoin but were simply making this move to become \u201ccrypto gatekeepers.\u201d Related Reading: Here Are The Hottest Altcoins To Buy As The Bull Market Returns \u2013 Santiment Hayes also went as far as to discuss how these firms\u2019 interest in Bitcoin goes against Satoshi\u2019s vision of a decentralized system. However, unlike Hayes, some are looking to look at the bright side and how institutional interest in the foremost cryptocurrency can help with mainstream adoption.\u00a0 Bloomberg Analyst Eric Balchunas had once touched on the importance of these Spot Bitcoin ETFs, especially considering that many could just choose to hold Bitcoin instead. In his opinion, these ETFs are important because of the convenience they provide investors. Meanwhile, others are excited about the amount of capital that could flow in when these ETFs get approved.\u00a0 Featured image from Forkast News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":566730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,1119,90957,89185,1122,1144,78790],"class_list":["post-566717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btc-downfall","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail<\/title>\n<meta name=\"description\" content=\"The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin\u2019s downfall.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail\" \/>\n<meta property=\"og:description\" content=\"The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin\u2019s downfall.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-23T23:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:52:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail\",\"datePublished\":\"2023-12-23T23:00:14+00:00\",\"dateModified\":\"2024-06-11T07:52:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/\"},\"wordCount\":506,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"btc\",\"BTC downfall\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/\",\"name\":\"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675\",\"datePublished\":\"2023-12-23T23:00:14+00:00\",\"dateModified\":\"2024-06-11T07:52:44+00:00\",\"description\":\"The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin\u2019s downfall.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675\",\"width\":1200,\"height\":675,\"caption\":\"Bitcoin dead\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/ktsl888.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail","description":"The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin\u2019s downfall.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail","og_description":"The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin\u2019s downfall.","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-12-23T23:00:14+00:00","article_modified_time":"2024-06-11T07:52:44+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail","datePublished":"2023-12-23T23:00:14+00:00","dateModified":"2024-06-11T07:52:44+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/"},"wordCount":506,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675","keywords":["bitcoin","Bitcoin news","btc","BTC downfall","BTC news","btc price","btcusd","BTCUSDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/","name":"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675","datePublished":"2023-12-23T23:00:14+00:00","dateModified":"2024-06-11T07:52:44+00:00","description":"The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin\u2019s downfall.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675","width":1200,"height":675,"caption":"Bitcoin dead"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail","url":"http:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-downfall-arthur-hayes\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","btc","btc downfall","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2023-12-23T23:00:14Z","datePublished":"2023-12-23T23:00:14Z","dateModified":"2024-06-11T07:52:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-downfall-arthur-hayes\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-downfall-arthur-hayes\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Bitcoin-dead.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Bitcoin-dead.jpeg?fit=1200%2C675\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"btc\",\"btc downfall\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-12-23T23:00:14Z\",\"datePublished\":\"2023-12-23T23:00:14Z\",\"dateModified\":\"2024-06-11T07:52:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-dead.jpeg?fit=1200%2C675","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/566717"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=566717"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/566717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/566730"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=566717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=566717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=566717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}