Why Arthur Hayes Predicts Bitcoin Price Crash to $70K Before a Massive Rally

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On March 10, the co-founder of BitMEX and a crypto leader made a strong prediction regarding the future Bitcoin price. Arthur Hayes thinks Bitcoin might fall to $70,000, which would be a roughly 36% drop from its all-time high of $110,000. This price scenario of Bitcoin is considered quite normal in the crypto market.

Hayes further suggests that investors act patiently during this phase, saying that this is just a normal part of the consistent market cycle and it might improve again. The top cryptocurrencies have recently tasted some important price levels, showing that the market is uncertain and fluctuating.

Expected Bitcoin Price to $70,000 Before Revamping.

In the past few weeks, Bitcoin price has experienced fluctuation, leaving many enthusiasts questioning about the next move for Bitcoin and the overall crypto market. Yet, the co-founder of BitMEX, Arthur Hayes, is still optimistic about the Bitcoin price.

Bitcoin Price

He believes that the price drop is a normal part of the bull market, as the prices of Bitcoin usually fall down before going up again. He claims that once the crypto market experiences a downfall, the central banks and other huge financial companies will, too, have to struggle.

Hayes, via his latest comment on X, instructed the crypto users to “be patient,” pointing out that market timing is important. Hayes briefs waiting for clear signs from central banks as traders might try to buy during the dip.

How Central Bank Policies Will Shape Bitcoin’s Price

The impact of central banks on the crypto market is one of the main reasons behind Hayes Bitcoin price prediction. According to Hayes, if the economy faces instability, central banks such as the Federal Reserve and the European Central Bank will reduce their interest rate, which will make borrowing easier.

Bitcoin could make a good alternative option for investors in this case if the value of regular money drops, which could lead to an increase in its price. Hayes raised a concern about global financial markets and believes that Central Bank intervention can be a major factor in Bitcoin’s price growth.

Will Bitcoin Drop to $70,000 Before Rising to $250,000

Even if Hayes expects Bitcoin price to drop in a short period of time, he is still confident about its long-term growth. He predicts that after the price reaches a low of $70,000, Bitcoin might rise by the end of 2025 up to $250,000.

Bitcoin Price

Hayes’s positive prediction about Bitcoin’s future is because of a few reasons, such as institutional adoption; as big companies are making use of it, there is uncertainty in the economy, and Bitcoin might protect it against inflation. Hayes believes that if the economy becomes worse, bitcoin might even reach up to $ 1 million in upcoming years.

Conclusion

Arthur Hayes’s new Bitcoin price Prediction suggests investors stay patient as the crypto market is volatile. Some investors may be worried as Bitcoin might drop to $70,000; Hayes is confident that Bitcoin will rise back and might reach $250,000 by 2025 or even reach up to $1 million in the future.

Investors are advised to pay attention to global economic trends, the actions of the central bank, and the overall financial market. Hayes remains positive that with the right time, Bitcoin’s price will rise and make its role strong as a safe investment option during economic uncertainty. Hayes prediction shows a bright future for Bitcoin.

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