Bitmex co-founder Arthur Hayes shared his insights on the current market cycle and his bold predictions for Bitcoin’s (CRYPTO: BTC) future, suggesting a potential dip before a significant rally.
What Happened: In a podcast with Scott Melker on Feb. 1, Hayes forecasted a short-term pullback to $75,000 before a massive rally to $250,000 by the end of this cycle.
He attributes this potential dip to a liquidity crunch, stating, “Bitcoin has traded ahead of the fundamentals in terms of global liquidity.”
Hayes points to several factors contributing to this situation, including an antagonistic Federal Reserve, a challenging Treasury maturity profile and the looming debt ceiling issue in the …
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