Get Ready for a Bitcoin Crash to $70K, Says Ex-BitMEX CEO

OMG, you guys! You know that guy who used to run BitMEX? Well, he’s got some juicy predictions for Bitcoin. According to Arthur Hayes, the former CEO, Bitcoin is going to crash to $70,000 before it starts making any serious gains again. Can you imagine? 😱

But don’t worry, he says it’s just a “mini financial crisis” and as soon as the Fed starts printing money again, Bitcoin will be back on track to reach $250,000 by 2025. 🎉

Of course, this isn’t the first time someone’s predicted a Bitcoin crash. Remember when everyone thought it was going to zero? 😅 But hey, maybe this time it’s different. After all, Arthur Hayes is a former CEO, so he must know what he’s talking about, right? 🤔

In the meantime, Bitcoin is currently trading at $99,090 and has dropped 5.7% in the last 24 hours. Yikes! 😱 But don’t panic just yet. According to Ki Young Ju, the CEO of CryptoQuant, we’re still in the late stage of the Bitcoin bull market, and there’s still room for growth. 🚀

So, what do you think? Is Arthur Hayes onto something, or is this just another wild prediction? Let us know in the comments below! 👇

Read More

2025-01-27 13:27