Prediction record

Hitcrypto

Bitcoin will trade up to the $30,000–$40,000 range

A scored record for Arthur Hayes, made on .

BlogPrimary sourcecryptomarkets

Scored record

Hitcrypto

Bitcoin could easily trade to $30,000 to $40,000 during this stage, as the price is currently massively depressed by bearish post-FTX sentiment. The next stage would take us to $69,000 and beyond but could only commence once a significant amount of USD has been injected into the crypto capital markets

Bitcoin will trade up to the $30,000–$40,000 range

Made on
2023-01-19
Outcome
Hit
Importance
3 / 5
Contribution
+2.27

Criterion

Resolution status
resolved
Resolved on
2023-04-11

Bitcoin reaches the $30,000–$40,000 range at any point within the horizon window.

Criterion SATISFIED early and comfortably: BTC reached the $30,000–$40,000 range in April 2023 (first touch ~$30k) and traded through it to ~$44k by Dec 2023 — well within the horizon (deadline 2026-01-19). resolved_on set to the first entry into the range.

Sources

  • Bouncy Castle

    Substack ·

    Source

Outcome evidence

  • Bitcoin touched $30,000 in mid-April 2023 for the first time since June 10, 2022, surging ~50% from ~$20k amid the banking turmoil.

    Evidence

  • Bitcoin traded up through and within the $30k–$40k band across 2023, reaching a 2023 high of ~$44,129 on Dec 5, 2023 (passing through the entire target range).

    Evidence

Corrections

  • tags: A BTC price target is a cryptocurrency price call: per the tag dictionary's crypto-vs-markets rule, crypto is primary and markets is carried secondary.

Score contribution

+2.27
Confidence
65%
Outcome
Hit
Importance
3 / 5
Contribution
+2.27

This page displays the scored record as published; the website doesn't recompute or adjust the score.

Provenance

Bitcoin will trade up to the $30,000–$40,000 range
Methodology version
v1.0.0
Last computed
July 5, 2026
Made on
2023-01-19

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Evidence firstMethodology