Warpcast

BitMEX Founder: Crypto Market Downtrend Continues for Now Arthur Hayes, founder of BitMEX exchange and a leading cryptocurrency market expert, reiterated his prediction that Bitcoin and other cryptocurrencies will continue to decline before reaching new highs. He believes that the cryptocurrency market downtrend will continue until a traditional financial company is on the verge of bankruptcy. At that point, the Federal Reserve will be forced to print money, which will lead to a rise in cryptocurrency prices. Hayes predicted that Bitcoin could fall to $70,000 and then rise to $250,000. He also noted that Solana could fall below $200 and even $150. Hayes believes that macroeconomic and cryptocurrency market signs are similar to the situation in late 2021 before the market crash. He emphasized that after this bearish period ends, investors should be ready to buy cryptocurrencies on a large scale