Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 before August
Arthur Hayes, former CEO of Bitmex, predicts that the Bitcoin trading price will fluctuate between $60,000 and $70,000 by August. Hayes explained that the slow increase of billions of dollars in liquidity each month will suppress negative price changes starting from now. Although I don't think cryptocurrencies will immediately fully realize the inflationary nature of the recent US monetary policy announcement, I expect the price to bottom out, fall, and then slowly rise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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