Arthur Hayes: Market cleanup in crypto is done! We are staying.Arthur Hayes stated that the declines, which began in mid-April and continue to this day, are "necessary". "Tourists will come back when prices go up," Hayes said. If they can afford it... We, on the other hand, will remain strong men."Arthur Hayes, who wrote in April that he expects fall after the halving and cites both the tax period in the US and the Fed uncertainty as the reason, stated in his new article that the declines are largely over.
"It will rise to seven to seven"
Claiming that the rises in Bitcoin will start slowly and "seven to seven", Hayes said:
"In the declines since April, many of you have called for help. Here, weak hands like Irene Zhao (*who said she sold all her cryptocurrencies and withdrew from the market never to buy them again) fled crypto. They couldn't handle the pain. However, he too will return one day and start his tweets again as if it were his duty. In fact, the price action went exactly as I expected. U.S. tax season and Fed uncertainty combined with the halving's sell-off. Entries to their Bitcoin ETF have decreased. The necessary market clean-up has also been completed. In the next rise season, tourists will come and sit on our beach again. Of course, if they can afford it... We, the strong guys, will continue to accumulate our favorite cryptos like Bitcoin and Ether. We will also receive high-level 'shitcoins' such as Solana, Dog Wif Hat, and Dogecoin. I think prices are going to go up from the bottom, hard and up to the bottom."
"I expect between 60-70 thousand in the summer months"Stating that he will buy in May, contrary to the general belief (*sell and go in May) and increase the number of coin he holds, Hayes stated that there is a "take and forget" period right now:"I don't think the impact on crypto will be immediately visible with the billions of dollars that will be in the system every month. I predict that prices will rise slowly and move between $60,000 and $70,000 by August. Are the Fed's latest statements a secret sign that the era of money printing