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Arthur Hayes "Bitcoin May Adjust to $70,000"

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JOON HYOUNG LEE
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  • Arthur Hayes, co-founder of BitMEX, stated that Bitcoin could adjust to as much as $70,000.
  • Hayes predicts that with the resumption of quantitative easing, Bitcoin could rise to $250,000 by the end of this year.
  • He mentioned the possibility of a small financial crisis, advising investors to be cautious.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

An analysis has emerged suggesting that Bitcoin (BTC) could adjust to as much as $70,000.

Arthur Hayes, co-founder of BitMEX and Chief Investment Officer (CIO) of venture capital firm Maelstrom, stated on X on the 27th that "Bitcoin could adjust to $70,000 to $75,000." Hayes added, "(Afterwards) I foresee a small financial crisis and the resumption of quantitative easing, which could push Bitcoin to $250,000 by the end of this year."

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gilson@bloomingbit.ioCrypto Journalist