CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Daily Hodl 2025-02-04 08:04:21

Here’s When Bitcoin and Crypto Could Stop the Pain and Witness a Big Reversal, According to Arthur Hayes

BitMEX founder Arthur Hayes is doubling down on his call that Bitcoin ( BTC ) and crypto will likely see lower prices before rallying to new all-time highs. Late last month, Hayes predicted that BTC would drop to as low as $70,000 amid a slew of bearish macroeconomic and crypto signals before rallying to as high as $250,000. “Subtle movements between central bank balance sheet levels, the rate of banking credit expansion, the relationship between the US 10-yr treasury/stocks/Bitcoin prices, and the insane Official Trump (TRUMP) memecoin price action produced a pit in my stomach. This is a similar feeling I got in late 2021, right before the bottom fell out of the crypto markets.” Following the severe pullback witnessed over the weekend, Hayes says the correction in crypto will likely continue “until morale improves.” According to the crypto veteran, the downside price action will only stop once the traditional financial (TradFi) industry is on the brink of collapse. At that point, Hayes believes that the Fed would ease monetary policy and give TradFi firms some relief. “The pain stops when a TradFi outfit is on the verge of bankruptcy. Then the Fed reluctantly joins team Trump and prints that money. And then you better be ready to buy crypto like you have never bought before.” Looking at Solana ( SOL ), Hayes says that the altcoin can drop to a level last seen in November of last year. “And they said you would never be able to buy SOL At time of writing, SOL is worth $216. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Here’s When Bitcoin and Crypto Could Stop the Pain and Witness a Big Reversal, According to Arthur Hayes appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.