Bitcoin Bottoming Out Between $30,000 and $35,000, Says Ex-Bitmex Chief
New Predictions: Arthur Hayes, the former CEO of Bitmex, has made a bold call on the future of Bitcoin. In his latest blog post, he anticipates
a local bottom around $30,000 to $35,000.
What Triggered the Dip?: Hayes dismissed the Grayscale narrative, pointing out the net
$820 million inflow into freshly minted spot ETFs. Instead, he sees an ominous sign in the Fed's
possible non-renewal of the Bank Term Funding Program.
March Madness: Brace yourselves for turbulence in March, with Hayes speculating that a
mini financial crisis might hit major indices. But he's not all doom and gloom, as he believes
Bitcoin will rise before the Fed hits the "Brrrr button."
While volatility remains the name of the game, keeping an eye on whale movements and central bank decisions could help navigate the exciting world of crypto!
