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Arthur Hayes Predicts Bitcoin Surge To $250,000 By Year-End, Says Current Downturn Is Clearing Out Deadwood: 'Short-Term Pain'

Arthur Hayes, co-founder of BitMEX, has projected a significant increase in Bitcoin’s value, anticipating it will reach $250,000 by the close of the year.

What Happened: Hayes suggests that the current downturn in the crypto market is a temporary setback, part of a natural cycle.

In a recent interview, Hayes explained that the market is experiencing a correction after Bitcoin’s surge from $20,000 to $110,000.

"This thing is a short-term pain. We're clearing out the deadwood. We had a great run from $20,000 to $110,000 on Bitcoin, essentially FTX low until TRUMP coin, and now we got a 30% correction. It's pretty normal for a bull market," he said.

Arthur Hayes Predicts Bitcoin Surge To $250,000 By Year-End, Says Current Downturn Is Clearing Out Deadwood: 'Short-Term Pain'

Arthur Hayes, co-founder of BitMEX, has projected a significant increase in Bitcoin’s value, anticipating it will reach $250,000 by the close of the year.

What Happened: Hayes suggests that the current downturn in the crypto market is a temporary setback, part of a natural cycle.

In a recent interview, Hayes explained that the market is experiencing a correction after Bitcoin’s surge from $20,000 to $110,000.

"This thing is a short-term pain. We're clearing out the deadwood. We had a great run from $20,000 to $110,000 on Bitcoin, essentially FTX low until TRUMP coin, and now we got a 30% correction. It's pretty normal for a bull market," he said.

https://www.benzinga.com/25/03/44345006/arthur-hayes-predicts-bitcoin-surge-to-250000-by-year-end-says-current-downturn-is-clearing-out-deadwood-short-te