🚀 **Bitcoin Watch: Navigating the Waves!** 🌊

Bitcoin dipped below $56,000 on Wednesday, continuing its downward trend. But don't fret, BTC enthusiasts! Arthur Hayes, co-founder and former CEO of BitMEX, envisions a worst-case scenario where BTC might touch $50,000. 📉

Despite a bearish macroeconomic backdrop, including rising Treasury yields and a stock market correction, Hayes remains optimistic about Bitcoin's long-term prospects. He believes central banks will eventually resort to money printing, which could be bullish for BTC. 💪

QCP Capital also highlights October's strong bullish seasonality, suggesting that accumulating BTC in September could be a smart move. 📈

Stay tuned and HODL on! 🚀