News

Former BitMEX CEO Arthur Hayes has opined that the Bitcoin price has already reached the bottom of the current cycle.

The former BitMEX CEO, Arthur Hayes, has insisted that Bitcoin prices have reached the bottom of the current cycle.

Bitcoin price fell to $25,000 during the collapse of the Terra blockchain project in early May.

The data for Hayes to confirm that includes the adjustment between Bitcoin and Nasdaq 100, the price of Bitcoin at a price close to the peak of the previous cycle, and media crowding over “greedy people” who have been lost by cryptocurrencies.

However, Hayes has warned that Bitcoin has hit the bottom which does not mean it will immediately go up again to $70,000.

Arthur Hayes said that Bitcoin holders must be patient and “focus on what matters.”

The former head of BitMEX predicts that Bitcoin prices could eventually reach $1 million by 2030.

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.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

CoinCu News

KAI

Victor

Recent Posts

Gate.io Shatters Records in Total Trading Volume in Q3 2024, with Its User Base Surpassing 17 Million

In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth…

16 mins ago

MEXC Champions the Future of Crypto Content Creation at CCCC

MEXC is proud to partner with the inaugural Crypto Content Creator Campus CCCC event, taking…

16 mins ago

Dtec Announces Global Partnership with DİZAYNVIP to Elevate AI-Driven Mobility Design  

Dtec and DİZAYNVIP partner to merge AI technology with luxury vehicle design, revolutionizing smart mobility…

1 hour ago

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

5 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

8 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

10 hours ago

This website uses cookies.