Bitmex founder Arthur Hayes doubles his call that Bitcoin (BTC) and Crypto will probably see lower prices before they gather to new all time.
At the end of last month, Hayes predicted that BTC would fall to as low as $ 70,000 in the midst of a whole series of Beerish Macro -economic and crypto signals before gathering up to $ 250,000.
“Subtle movements between balance levels in the central bank, the rate of the expansion of the bank credit, the relationship between the US 10-Antr Treasury/Stocks/Bitcoin prices and the insane official Trump (Trump) Memecoin prize campaign produced a well in my stomach. This is a similar feeling that I got at the end of 2021, just before the bottom fell out of the cryptom markets. “
After the serious pullback that was observed this weekend, Hayes out The correction in crypto is likely to continue “until it improves morally.”
According to the crypto veteran, the downward price action will only stop as soon as the traditional financial (Trandfi) industry is about to collapse. At that time, Hayes believes that the Fed would alleviate monetary policy and give Tradfi companies some relief.
“The pain stops when a Tradfi outfit is about to bankruptcy. Then the Fed reluctantly closes to Team Trump and puts that money off. And then it is better to be ready to buy crypto as you have never bought before. ”
Looking at Solana (SOL), Hayes says that the Altcoin can fall to a level that is last seen in November last year.
“And they said you could never buy Sol <$ 200 again. Can we go to $ 150? "
Sol $ 216 is worth at the time of writing.
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Generated image: midjourney
