Former BitMEX CEO Arthur Hayes has suggested that the US debt ceiling deadline could be beneficial for Bitcoin adoption, as residents may turn to digital assets like Bitcoin for safety. However, Hayes also noted that most people would still not buy Bitcoin despite the banking crisis, instead following the "sinking ship" as the US would try to print more money. Meanwhile, Santiment's data shows that new entrants are already adopting Bitcoin, with the number of addresses holding between 0 to 1 coin increasing since April and Bitcoin's exchange inflow decreasing, indicating fewer deposits into exchanges.
All Comments