Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 by August
2024-05-05 01:57:49
Arthur Hayes, the former CEO of Bitmex, predicted that the price of Bitcoin will fluctuate between $60,000 and $70,000 by August. Hayes explained that the slow addition of billions of dollars of liquidity each month will dampen the negative price movement from now on. While I don't think cryptocurrencies will immediately fully appreciate the inflationary nature of the recent monetary policy announcements in the United States, I expect prices to bottom out, fall, and then start moving slowly higher.
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