March banking crisis rerun risks 40% Bitcoin price crash — Arthur Hayes
Bitcoin dipping 20% would be “healthy,” but up to 40% is possible depending on liquidity conditions, the former BitMEX CEO now reveals.
Bitcoin trading OG Arthur Hayes now predicts an up to 40% BTC price crash in March.
In a blog post on Jan. 4, the former CEO of crypto trading giant BitMEX warned readers of a week of turmoil due to hit financial markets.
Hayes on BTC price: “I could easily see a 30% to 40% correction”
Bitcoin bulls are feeling broadly confident this year as the United States’ first spot Bitcoin exchange-traded funds (ETFs) are slated to get regulatory approval.
Combined with the block subsidy halving in April, the events constitute what could be a landmark year for BTC price expansion thanks to institutional money and wider adoption.