Arthur Hayes, co-founder and former CEO of BitMEX, predicted that Bitcoin could fall to $50,000 in a recent article. He also warned that altcoins could see a steeper decline. This negative outlook is based on macroeconomic conditions, particularly the actions of the Federal Reserve and the dynamics of the US bond market. Despite this negative outlook, Hayes continues to invest in Bitcoin and some well-known altcoins.
He expects significant intervention to begin in late September this year, possibly in the form of liquidity injections, which could stabilize markets and potentially boost the price of Bitcoin. QCP Capital noted that October is the strongest bull run and that Bitcoin has generated positive returns in 8 of the last 9 years with an average increase of 22.9%.
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