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Arthur Hayes stated that Bitcoin could decline to 90,000 dollars, but this drop would occur before a rise supported by stablecoins issued by US banks. According to Hayes, broad stablecoin regulations like GENIUS could redirect liquidity to Bitcoin and other risky assets.
Arthur Hayes Went on Sale for Altcoins: "I Expect These Levels in BTC"
Famous investor and BitMex co-founder Arthur Hayes claimed that Bitcoin could drop to as low as $90,000 before reaching all-time highs. Hayes indicates that this drop is a correction process that will occur before a major rally supported by stablecoins issued by US banks.
In his latest blog post titled "Quid Pro Stablecoin," Hayes stated that Bitcoin will experience horizontal or downward movement until the Jackson Hole meeting in August. He also argued that investing in US Treasury bonds is now a wrong choice and that alternatives like Bitcoin should be preferred instead. #HotTopicDiscussion#