Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 before August
Arthur Hayes, former CEO of Bitmex, predicts that the Bitcoin trading price will fluctuate between $60,000 and $70,000 by August. Hayes explained that the slow increase of billions of dollars in liquidity each month will suppress negative price changes starting from now. Although I don't think cryptocurrencies will immediately fully realize the inflationary nature of the recent US monetary policy announcement, I expect the price to bottom out, fall, and then slowly rise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CIO of a Giant Investment Company Reveals His Prediction for the Level of Bitcoin Price in the Near Future
Bitwise senior manager Matt Hougan shared his thoughts on the future of Bitcoin price in his statement.
US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value
Following a seven trading day streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs has reached a two-month high.Friday also marked the largest inflows to the funds since early June, a nearly four-month high.
FBI seizes $6M from crypto scammers targeting US citizens