Although the US’s involvement in the tensions between Israel and Iran caused a decline in Bitcoin and altcoins over the weekend, this decline was short-lived.
While BTC rose above $100,000 again in the morning hours, former BitMEX CEO Arthur Hayes, known for his bold statements, evaluated the recent decline.
Accordingly, Arthur Hayes stated that the recent decline in Bitcoin and the markets was temporary and predicted that the price declines due to the tensions in the Middle East would not last long.
Sharing from the X account, Hayes stated that more money will be printed and this will eventually benefit Bitcoin.
At this point, Hayes argued that central banks are preparing to print more money in response to the current market weakness.
According to the famous name, this will strengthen Bitcoin’s position as a safe haven asset and enable BTC to prove its true value soon.
“Do you hear it? … That’s the sound of money printers stepping up to do their patriotic duty. This weakness will pass and leave no doubt about BTC’s safe haven status.”
Stating that he has been expecting an increase for Bitcoin and altcoins for a long time, Hayes expects BTC to rise to $150,000-200,000 by the summer of 2025 and to rise to $250,000 by the end of 2025.
Related News: BitMEX Former CEO Arthur Hayes Reveals New Bitcoin (BTC) and Ethereum (ETH) Predictions!
Hayes, who expects a big rise in Bitcoin, thinks Ethereum faces a more difficult path. Stating that the critical level for ETH is $ 5,000, Hayes says that $ 5,000 should be exceeded by the end of the year.
*This is not investment advice.
Continue Reading: BitMEX Former CEO Arthur Hayes Talks About Bitcoin (BTC)! “The Sound of the Rise Has Been Heard, Here’s Why!”
