The post How Low Can Bitcoin Price Crash? Arthur Hayes Warns of Temporary Setback appeared first on Coinpedia Fintech News
Bitcoin is riding high with Trump’s over-hyped Bitcoin strategic reserve plan as many believe this could make the US the Bitcoin powerhouse before China and other countries jump into the crypto arena. Despite a fall from $109K, Bitcoin’s $101K halt is positive for crypto investors. However, Arthur Hayes, co-founder of BitMEX, has shared a bold prediction for Bitcoin.
He expects the cryptocurrency to dip to $70,000–$75,000 in the short term, driven by what he calls a “small financial crisis.” However, Hayes sees this as a temporary setback on Bitcoin’s journey to new highs.
How Low Will Bitcoin Price Go?
In his X post, Hayes shared an exciting update about his upcoming essay, “The Ugly.” He predicts that Bitcoin’s price will temporarily drop to the $70,000–$75,000 range due to a minor financial crisis. This correction, according to Hayes, is just part of the bigger picture.
In simple terms, Hayes sees a short-term dip in Bitcoin’s price as a natural adjustment, followed by a massive surge fueled by economic policies that favor alternative assets like Bitcoin. His bold forecast reflects his confidence in Bitcoin’s long-term potential as a hedge against traditional financial instability. According to Hayes, this is a perfect time to load Bitcoin as after this there will be no chance to buy Bitcoin at such low rates.
What Next For BTC Price?
Despite the anticipated dip, Hayes remains optimistic. He predicts Bitcoin could hit a jaw-dropping $250,000 by the end of the year. He believes that the possible shift in Federal Reserve policies could boost the market hope. Hayes believes the Fed’s move to ease monetary tightening will inject much-needed liquidity into the economy, boosting asset prices, including Bitcoin.
While Bitcoin’s short-term path may be bumpy, Hayes and other experts are confident about its long-term potential. With the Federal Reserve’s policy changes and growing market interest, Bitcoin’s journey to $250,000 might just be getting started.
According to the experts, a 20-30% pullback is normal in Bitcoin bull markets. Since Bitcoin is still in a strong uptrend, and even if it dips below $75k, the long-term momentum remains intact. It’s all part of the cycle.
For now, Bitcoin enthusiasts are keeping a close eye on the market, bracing for a possible dip while staying hopeful for a record-breaking year.
