Arthur Hayes says the “ugly” bitcoin to pay BTC to $ 250,000 this year with “materials not declining”
The co -founder of Bitmex, Arthur Hayes, believes that Bitcoin (BTC) is preparing to experience a deep clouds before it reaches the highest new level later in the year.
In a new blog post, Hayes He says The “most likely” frontal path for Bitcoin is a decrease by up to 32 % of the current level before the huge assembly.
“I don’t think this bull cycle has ended; however, on the basis of aspirational possibility, I think we are more likely to move to $ 70,000 to $ 75,000 of bitcoin, then we rise to $ 250,000 by the end of the year instead of continuing to install Top with no financial decline.
Hayes says that after he was optimistic earlier this year, his “perpetuation” has evaporated due to the homogenous signals of the total economic environment and the encryption industry.
“The exact movements between the levels of the central budget of the central bank, the rate of expansion of bank credit, the relationship between the Ministry of Treasury/stocks/stock/bitcoin, which has an area of 10 years, and the official Memecoin price procedures, crazy Trump (Trump), produced a hole in my stomach. This is a similar feeling that happened It is in late 2021, before the bottom came out of the encryption market.
BitMex co -founder says another reason for changing feelings is that the rate of increase in the width of money in the first, second and fourth worlds in the world has slowed.
“This volume will decline ugly because the current level of climb is very high. Trump continues to say the right things through executive orders, improve feelings by pardoning Ross Olbrecht, and Stoke the Degen Crypto with the launch of the last Memecoin. But these things were expected in Mostly, the launch of Memecoin.
Bitcoin is trading at $ 102,555 at the time of this report.
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Follow us xand Facebook and cable
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
