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

Shravani Dhumal
36 Views
5 Min Read

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.

Stay tuned for Bitcoin’s next price move with The Bit Journal

FAQs

1. Who is Arthur Hayes?

Advertisement Banner

Arthur Hayes is the co-founder of BitMEX, a popular cryptocurrency exchange.

2. What is Arthur Hayes’ Bitcoin price prediction?

Arthur predicts Bitcoin could fall to $70,000 before rising again.

3. What advice does Hayes give investors?

Hayes advises investors to be patient and wait for clear signs from central banks

4. What role do central banks play in Bitcoin’s price?

Hayes says central banks might lower interest rates, which could help Bitcoin’s price rise.

5. Is Bitcoin’s current price drop normal?

Yes, it’s a typical market fluctuation.

Glossary

Bitcoin-  A first digital currency

Bull Market-  A market where prices are expected to rise.

Bear Market – A market where prices are falling.

Central Banks – Institutions that control money supply

Monetary Easing – Policy to lower interest rates 

Sources

Bitcoin.com News

Tronweekly

Binance

 

Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Share This Article
Follow:
Hello! I am Shravani, a Crypto News Writer. I have 3.5 years of experience as a Crypto Journalist and have worked on several projects dedicated to Bitcoin and Cryptocurrencies. I serve my expertise in researching current market trends and highlighting breaking news, and key regulatory changes through my writing in crystal clear words.
Leave a Comment