Arthur Hayes, Founding Partner of Bitmex, Bitcoin $102,381.3He believes that at the end of the year he can experience a significant correction before reaching new record levels. Hayes said Bitcoin could fall from existing levels to about 32 %and then reach $ 250,000 by the end of the year by experiencing a big recovery.
Hayes’ Opinions
Hayes said it was optimistic about Bitcoin earlier this year, but due to negative signals in the macroeconomic environment and developments in the crypto industry, this optimism decreased.
The famous investor stressed that the slowdown in the rate of increase in global money supply in the first, second and fourth major economies is an important factor affecting Bitcoin’s decline tendency.
Bitcoin price estimation
Hayes said that Bitcoin’s current bull feeling level may be negative to withdraw a 32 %back. He explained how Trump’s various statements and breast coin launch affect the market.
Arthur Hayes said, orum I believe that this bull cycle has not yet ended; However, by the end of the year, the possibility that Bitcoin will decline between 70,000 and 75,000 dollars and then rise to $ 250,000 are higher without a significant retreat. ”
Bitcoin is traded at $ 102,555 at the time of the article. Hayes said that the current situation in the markets requires carefully monitoring Bitcoin’s future movements.
Hayes, the founder of Bitmex, warns the variability in the market and how economic indicators shape crypto money markets. He stated that these developments may pose significant risks for investors.
Hayes’s analysis offers important clues for those who want to understand the economic dynamics underlying the fluctuations in the Bitcoin market. The future aspect of the market can be shaped in the light of macroeconomic factors and developments in the crypto industry.
In order to minimize risks in Bitcoin investments, it may be useful for investors to determine their strategies by taking into account market trends and experts such as HAYES.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
