Arthur Hayes, the information manager of the Milestrom Fund, said he believed a firm belief that the Bitcoin Market cycle is still continuing. He added that the worst bottom will be the highest historical level of the previous session, which was 70 thousand dollars.
At the end of his blog, Hayes Detected It was not sure whether Bitcoin prices would decrease this depression (to $ 70,000), adding that he expected Bitcoin to drop to about 80,000 dollars to provide an opportunity to enter another if this round of the increase is just “bounces the dead cat.” He also said that merchants will buy with caution against the decreases, avoid the leverage, and wait for the patience of the final violent fluctuations in the financial markets, regardless of how the market changes.
According to Fidelity Investments, we have now become 28 months in the current Crypto Bull market after the Bitcoin bear the bear market in November 2022. The investment company noted that the price of Bitcoin rose more than 400 % of its lowest levels in the bear market in November 2022 despite its decrease at the end of February. Fidelity noted that although no one was able to tell the future, it was useful to think that the Crypto Bull markets are historically inclined to run for a period of less than 3 years only before entering the new bear market.
Fidelity also claimed that we can be in the mature stage of this bull cycle if the market continues to follow this style, but the previous performance was not a guarantee of future results. However, the director of research at the assets of the assets Digital Assets, Chris Koyber, confirmed that it was too late for speculators who wanted another madness for this course.
Hayes expresses the constant faith in the continuous bull bitcoin market
🔥 Hot: The last blog for Arthur Hayes: The Crypto Market is still in the bull cycle, and will force Trump’s artificial recession to the federal reserve to cut prices.
Arthur Hayes believes that we are still in a bull cycle, where BTC is likely to return to $ 70,000 in the worst scenario.
– Coin8 Exchang (@Coin8_Exchang) March 4, 2025
Hayes assumed that the encryption market was still in the Taurus market. He claimed that Bitcoin is expected to inspect a million dollars or higher, as the global economy recovered under the leadership of the United States. Karel Merx, investment specialist in Bergers Billang, with Hayes, agreed to we are still in the Saada market. MERXC said that the last collapse was fake, but the expected scenario now represents an interruption in the ups off in the coming weeks or months.
However, Hayes noted that the global market may face a “simultaneous modification” if the S&P 500 or NASDAQ index decreases by 20 % to 30 % of its highest historical levels. He believes that at that time, all risk assets will be sold together, and Bitcoin is likely to decrease below $ 80,000 again or even restore to $ 70,000. Cryptology can witness more “bloodshed” before integration.
The businessman in Chefir revealed on Friday morning that he was seduced by adding more risks to his holdings, although he believed that Bitcoin could see another less violent wave he said he would be there “Cockroaches for a period of time” After the violent wave, meaning that bitcoin will unite and trade the range for some time.
Hayes doubts whether Trump’s Bitcoin Strategic Reserve will work as planned
Hayes said that he suspects that the Donald Trump administration will wander in creating a bitcoin strategic reserve, a policy that many encryption fans suspended their hopes. However, he added that he hoped to be wrong with the implementation of the Bitcoin Reserve. He referred to the limited time frame before the mid -time elections, which can restrict the ability to implement major changes in politics, as well as the fact that there are many other things to allocate time and money.
Hayes indicated that he is sure that Trump wants to finance the policies of “America first” through debt, on the pretext that Trump has a “ability to borrow” before he destroyed the bond market. He wondered whether Trump would borrow money to buy more bitcoin, give health care to the elderly who voted for him, or build more bombs until he loves the defense.
“I don’t think Trump will wander in the Bitcoin Reserve.” Arthur Hayes
Former Bitmex president said there are many different things that Trump could borrow money to spend, adding that he does not believe that Trump will spend it on Bitcoin.
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