While Bitcoin (BTC) and altcoins have experienced sharp declines in recent days, former BitMEX CEO Arthur Hayes says that Bitcoin will continue to decline and may experience a sharp correction in the short term. Hayes noted that he expects the current downtrend to continue for a while longer and the decline to lows of $70,000 to $75,000. Related News: BitMEX Former CEO Arthur Hayes Warned! "Bitcoin Could Fall to These Levels Before Resuming Its Rise!" While Hayes expected a decline in Bitcoin, he targeted shitcoins in his post. Providing some advice to shitcoin founders, Hayes advised founders to launch at lower prices. Hayes called on shitcoin founders to collaborate with market makers and exchanges to release their tokens at lower prices, citing the altcoin Berachain (BERA) as an example. Noting that high launch prices could lead to poor graphics performance, the celebrity advised projects to create a wealth-building journey for their users instead. “To all shitcoin founders: Work with your market makers and exchange partners to open the market at lower prices. For example, the BERA chart is ugly, but the project is not terrible, it just started with a very high price. Take your users on a wealth creation journey with you.” BERA, which experienced a major rise after its Binance listing, has fallen by 13.4% in the last 24 hours and continues to be traded at $5 at the time of writing. To all you shitcoin founders about to TGE. Work with your market makers and exchange partners to open the market at lower prices. This chart is ugly not cause the project is dogshit but bc the price is too damn high. Bring your users on a wealth generation journey with you. pic.twitter.com/RafHj5cGh7 — Arthur Hayes (@CryptoHayes) February 10, 2025 *This is not investment advice. Continue Reading: BitMEX Former CEO Arthur Hayes Targets Altcoins, Gives Example of One! "Don't Do This!"
