NewsPrice Analysis

BitMex CEO Predicts Bitcoin Price as It Plummets to $6K

  • 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. 

What do you think about this Bitcoin prediction? Do you think, looking at the current BTC price, Bitcoin will ever fulfill Arthur Hayes’ prediction? Share your views on Facebook and Twitter pages.

Summary
BitMex CEO Predicts BTC Price as It Plummets to $6K
Article Name
BitMex CEO Predicts BTC Price as It Plummets to $6K
Description
Bitmex CEO Arthur Hayes makes a new prediction that Bitcoin price will fall to rise up. It will reach $20000 by year end. BTC price today reaches $6025.
Author
Elena R
Publisher Name
Coinpedia
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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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