Summary
- Arthur Hayes stated that he believes the virtual asset market is still in a bull market.
- He warned that in the worst case scenario, Bitcoin could drop to $70,000.
- He revealed that with economic recovery, Bitcoin could break through $1 million.
Arthur Hayes, founder of BitMEX, has claimed that the virtual asset (cryptocurrency) market is still in a bull market cycle.
On the 3rd (local time), Arthur Hayes stated through his official blog, "I believe the market is still in a bull market. However, in the worst case scenario, Bitcoin (BTC) could drop to $70,000."
Specifically, he warned, "If the S&P500 or Nasdaq100 falls 20-30% from all-time highs, and major financial institutions experience crises, risk asset sentiment could significantly deteriorate, causing Bitcoin to drop to $70,000."
However, he also mentioned that Bitcoin could reach new all-time highs with economic recovery. Arthur Hayes said, "If the global economy recovers under U.S. leadership, I believe Bitcoin could break through $1 million."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
