News Explorer — BitMEX Co-Founder Sees Bitcoin Falling Further in September

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Sep 4, 10:31 pm

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BitMEX Co-Founder Sees Bitcoin Falling Further in September

BitMEX co-founder Arthur Hayes predicts that Bitcoin will experience more sideways movement and potential price drops before a bullish rally later this month. Hayes believes that the Federal Reserve and U.S. Treasury will inject emergency liquidity into the market, likely from the Treasury General Account and through quantitative easing. He expects intervention to begin in late September, and until then, Bitcoin may trade within its current range or slowly decline towards $50,000.

BitMEX co-founder Arthur Hayes predicts that Bitcoin will experience more sideways movement and potential price drops before a bullish rally later this month. Hayes believes that the Federal Reserve and U.S. Treasury will inject emergency liquidity into the market, likely from the Treasury General Account and through quantitative easing. He expects intervention to begin in late September, and until then, Bitcoin may trade within its current range or slowly decline towards $50,000.

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