Arthur Hayes, former endingx CEO, Bitcoin this year $102,381.3 He said he expects a 30 %correction in prices and then the price could return to $ 250,000.
Expected financial crisis
Hayes predicts that a collapse in the US 10 -year Treasury bond market will lead to a mini financial crisis. He said that this would lead the Fed to restart the money -printing policy.
Altcoin market may be affected
Hayes said that if the estimation occurs, many subcoin would lose over 50 %during the crisis and offer the opportunity to save before the market recovered.
Orum I believe this bull cycle is not over; However, in terms of possibilities, I think it is more likely to rise to $ 250 thousand by the end of the year after Bitcoin’s 30 percent correction. ”
Hayes said that the increase in the US 10-year Treasury bond returns to 5-6 %would be triggering crisis and as a result, interest rates such as Mortgage will increase.
“Federal Reserve is expected to print money to minimize the damage of such a mini crisis, but it will probably take this step after the crisis.”
$ Trump Memecoin signal
Hayes said that the launch of $ Trump Memecoin is an indication of any balloon sign and that the Altcoin market will suffer more damage in case of Bitcoin’s fall.
“If the Shitcoin area Bitcoin falls, he will encounter Armageddon and I really want to play here.”
However, Hayes said that their predictions had a 25 %success rate at the end of 2024 and short -term macroeconomic estimates were not important.
As a result, it is recommended that investors consider possible fluctuations in the Bitcoin and Altcoin market and be careful during this time.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
