BitMEX Co-Founder Hayes Predicts Bitcoin Drop to $40,000 Before Rally
Arthur Hayes, co-founder of BitMEX, forecast Bitcoin may fall to $40,000 in the near term despite the cryptocurrency trading near $62,000, while maintaining a long-term bullish outlook.
Arthur Hayes, co-founder of BitMEX, predicted Bitcoin may plunge to $40,000 in the near term before beginning what he called a historic rally [1]. The forecast comes with Bitcoin trading near $62,000, facing headwinds from various market forces [1].
Hayes, a prominent figure in cryptocurrency markets, delivered the prediction while maintaining conviction in long-term appreciation for the digital asset [1]. The forecast represents potential downside of approximately 35 percent from current levels to the $40,000 price target.
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