Arthur Hayes: "Bitcoin Could Drop to $70,000 If Trump Budget Fails to Pass"

Uk Jin

Summary

Arthur Hayes, founder of BitMEX, presented a bearish outlook for Bitcoin.
He indicated that Bitcoin price could face issues if Trump's budget fails to pass Congress.
He added that if the budget fails to pass, Bitcoin price could fall to $70,000.

On the 25th (local time), Arthur Hayes, founder of BitMEX, presented a bearish outlook for Bitcoin (BTC).

Through his X (Twitter) account, Hayes stated, "If Trump's budget proposal, which includes increasing government spending and raising the debt ceiling, fails to pass Congress, problems could arise. I think this budget is a test of Trump's control."

He added, "If the budget fails to pass, Bitcoin will reach a capitulation phase and the price could fall to $70,000."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

Arthur Hayes: "Bitcoin Could Drop to $70,000 If Trump Budget Fails to Pass"

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