Arthur Hayes, co -founder of Bitmex, believes that encryption markets are subject to a short -term correction before Bitcoin (BTC) and other digital assets that rise to new levels at all by the end of the year.
In a new interview, Hayes He says Deep corrections are not unusual based on historical bull cycles and believed to create a more healthy market structure that would help push Bitcoin to $ 250,000 this year.
“This thing is short -term pain. We remove dead wood. We have been operated from $ 20,000 to $ 110,000 on Bitcoin, and FTX is mainly low until Trump Coin, and now we got a 30 % correction. It is very normal for the bull market. This Deadwood, and I still think we can be $ 250,000 by Bitcoin by the end of the year.
Does this mean that your own shitcoin will be 100x? Perhaps not, because people distinguish a little in the type of thing they own, but at least from the Bitcoin perspective, and the total marketing market for encryption, I think we will be much higher by the end of the year more than we are today. ”
Hayes believes that one of the main drivers of Bitcoin and other digital assets that rise will be a significant expansion of the monetary supply as governments print more money to address the total economic conditions.
“We know the response. When there is financial hardship, it always prints money. It does not matter political, left, right, center, and printing money. This is the system in which we are. We need tension. We know what the response is. Staying alive from stress, profit from response, and this is our goal as encrypted investors.”
Bitcoin is trading for $ 84,677 at the time of writing this report, an increase of 4.4 % in the past 24 hours.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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