Arthur Hayes, the founder of BitMEX exchange and a prominent expert in the digital currency market, predicts a decline in Bitcoin and digital currencies prices before reaching new highs. He believes the downward trend will continue until a traditional financial company is on the brink of bankruptcy, forcing the Federal Reserve to print money, leading to digital currencies’ price growth. Hayes forecasts Bitcoin could drop to $70,000 and then rise to $250,000. He also mentioned Solana could drop below $200 and even $150. Hayes sees similarities between the current economic and digital currency market conditions and the late 2021 market crash. He emphasized that after this downward period, investors should be ready to buy digital currencies extensively.
