- BitMex CEO Arthur Hayes has a new Bitcoin prediction.
- BTC price will fall down but not below $6000. However, Bitcoin may reach $20000 by year-end.
- At present, Bitcoin is trading at $6,025.05 against USD.
Arthur Hayes, Bitmex CEO has made yet another prediction about Bitcoin in his latest tweet.
Arthur has submitted a blog-post titled “From the desk of Arthur Hayes” that gives us a peek inside Bitmex CEO’s mind. Bitcoin is currently safe heaven as compared to the US Dollars says, Arthur. He claims that FED will pump and print more money which in turn will lower the rates as low as zero. The banks may even see negative prices which will affect the country’s economy.
Arthur Hayes’ Bitcoin Prediction
Bitmex CEO Arthur Hayes has an interesting prediction regarding BTC Price. He claims that the Bitcoin price will be in tandem with the stock market. The Bitcoin price will fall for sure. However, it will not reach $3000 USD; but will trade in between $6000 to $7000 USD.
“As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year-end.”Arthur Hayes
Bitcoin Price Analysis –
As of now, Bitcoin price has seen around 23% fall trading at $6057 USD. The current Bitcoin market cap is $110,073,227,693 USD while the 24hr volume is $44,849,336,760 USD.
Bitcoin had opened trading today at $7647 USD with only 5%. However, the last few hours BTC price plunged and is now trading 22% lower.
This latest BTC plummet has left the Hodlers and traders in a turmoil. It seems that Bitcoin is indeed 100% a correlated asset.