BitMEX Co-Founder Predicts the Death of Bitcoin Following ETF Launch

• BitMEX co-founder Arthur Hayes predicts the destruction of Bitcoin following the ETF launch.
• Hayes asserts that the success of traditional finance platforms’ ETFs will result in the death of BTC.
• The prediction is based on the findings that Bitcoin’s existence is completely dependent on its use.

BitMEX co-founder Arthur Hayes, who is known for his bold comments on crypto, recently predicted the potential debacle of the largest cryptocurrency, Bitcoin, following the Spot Bitcoin ETF launch. Elaborating on his prediction, Hayes asserted that Bitcoin would be completely destroyed if “ETFs managed by TradFi asset managers are too successful.”

In a tweet dated December 23, Hayes introduced his final article of 2023 under the title “Expression.” The article concentrates on “expressions of the crypto investment theme that will ultimately prove to be worthless.”

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