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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. 0 reply
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