Bitcoin to Drop to $70K? Arthur Hayes Explains Why He’s Still Optimistic
Arthur Hayes, former Bitmex CEO, predicts Bitcoin will face a correction to $70K–$75K before rallying to $250K by the end of 2025.
He attributes this decline to tightening global liquidity and a market that mirrors the conditions before the 2021 downturn. While remaining long-term bullish, Hayes has adjusted his fund’s strategy, reducing exposure to high-risk altcoins and preparing for a potential dip.
He warns of a severe pullback due to current market optimism but expects Bitcoin to surge once the U.S. Federal Reserve shifts to looser monetary policies. Patience and strategic positioning are key, according to Hayes.
Clever Robot News Desk 1st February 2025
