❗️ BitMEX Co-founder Predicts Bitcoin to Reach $70,000
👤 Yesterday, Arthur Hayes, co-founder and former CEO of BitMEX, shared his expectations for the price of bitcoin. He believes that $BTC will return to $60,000 (which has already happened), and then stabilize at $70,000 by August.
💬 He thinks that the gradual addition of billions of dollars in liquidity each month will soften future price volatility, changing the common seasonal market mindset ("sell in May and go away").
🔍 Hayes noted that recent decisions by the Federal Reserve, specifically the reduction of quantitative tightening (QT) and the increase in debt issuance, are actually forms of "stealth money printing," which will inject liquidity into the market, leading to a gradual increase in bitcoin prices.
🙏 Arthur, we hope you're right. 😁
