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Arthur Hayes Predicts Bitcoin Price 40% Plunge Amidst US Spot ETF Surge!

Key Points:

BitMEX founder Arthur Hayes forecasts a 20-30% Bitcoin price correction by March, with potential for a 40% dip.
Watch out for intensified market dynamics, especially if US-listed spot Bitcoin ETFs kick off.
Hayes highlights risks of a substantial correction tied to anticipation and dollar liquidity dynamics.

BitMEX founder Arthur Hayes anticipates a forthcoming healthy correction of 20% to 30% for Bitcoin price by early March.

This projection gains intensity if the slated US-listed spot Bitcoin ETFs have commenced trading, potentially leading to an even more substantial washout.

Hayes speculates on the impact of anticipation surrounding these ETFs, envisioning a scenario where the expectation of hundreds of billions of fiat entering the market could drive Bitcoin’s value beyond $60,000, nearing its 2021 all-time high of $70,000. However, he cautions that such heightened anticipation might trigger a significant correction, ranging from 30% to 40%.

Hayes’ Insight Signals Potential Bitcoin Correction Surge!

The prospect of a correction is further accentuated by what Hayes terms a “dollar liquidity rug pull.” This implies a potential abrupt withdrawal of dollar liquidity from the market, a scenario that historically has led to significant market downturns.

As Bitcoin’s value has been subject to considerable volatility, Hayes’ insight provides a cautionary note for investors and enthusiasts. The intersection of anticipated ETF trading and the potential for a substantial correction underscores the intricacies and uncertainties within the cryptocurrency market.

Investors are advised to monitor market developments closely, considering the evolving landscape and the potential impact of significant events such as the introduction of US-listed spot Bitcoin ETFs. Hayes’ projection serves as a reminder of the dynamic nature of the crypto market, emphasizing the importance of strategic and informed decision-making in navigating these fluctuations.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.