đ **Bitcoin Watch: Navigating the Waves!** đ
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. đ
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. đȘ
QCP Capital also highlights October's strong bullish seasonality, suggesting that accumulating BTC in September could be a smart move. đ
Stay tuned and HODL on! đ
