• Latest
  • Trending
Crypto Capitalist Arthur Hayes Forecasts Dramatic New Lows for Bitcoin (BTC) and Ethereum (ETH)

Crypto Capitalist Arthur Hayes Forecasts Dramatic New Lows for Bitcoin (BTC) and Ethereum (ETH)

May 14, 2022
Bitcoin stands apart from other crypto, and what that means for US public policy

Bitcoin stands apart from other crypto, and what that means for US public policy

May 22, 2022
Endless siege WAX blockchain guide – clashdome.io

Endless siege WAX blockchain guide – clashdome.io

May 22, 2022
How the Crypto market crash caused NFL players to lose millions of dollars

How the Crypto market crash caused NFL players to lose millions of dollars

May 22, 2022
Did Ethereum Name Service [ENS] revenue stream hit a record high in May

Did Ethereum Name Service [ENS] revenue stream hit a record high in May

May 22, 2022
Do Kwon faces legal troubles in Korea, China remains a top contributor to Bitcoin mining, and Ethereum eyes ‘huge testing milestone’ ahead of merge: Hodler’s Digest, May 15-21

Do Kwon faces legal troubles in Korea, China remains a top contributor to Bitcoin mining, and Ethereum eyes ‘huge testing milestone’ ahead of merge: Hodler’s Digest, May 15-21

May 22, 2022
Chainlink Hires Google Vet Who Developed TensorFlow AI System

Chainlink Hires Google Vet Who Developed TensorFlow AI System

May 22, 2022
Adoptions Another Facet of Life Halted by War in Ukraine | Maine News

Adoptions Another Facet of Life Halted by War in Ukraine | Maine News

May 22, 2022

Today’s Dogecoin Price in Pakistan on, May 22, 2022.

May 22, 2022
What Are Altcoins? What Investors Need to Know

What Are Altcoins? What Investors Need to Know

May 22, 2022
Introduction to ERC-20 Tokens · #1 Code Your Own Cryptocurrency on Ethereum

Introduction to ERC-20 Tokens · #1 Code Your Own Cryptocurrency on Ethereum

May 22, 2022
CFTC charges two men with $44 million cryptocurrency ‘Ponzi scheme’

CFTC charges two men with $44 million cryptocurrency ‘Ponzi scheme’

May 22, 2022
Rich Dad Poor Dad’s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish – Markets and Prices Bitcoin News

Rich Dad Poor Dad’s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish – Markets and Prices Bitcoin News

May 22, 2022
OOF CRYPTO
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO
OOF CRYPTO
No Result
View All Result

Crypto Capitalist Arthur Hayes Forecasts Dramatic New Lows for Bitcoin (BTC) and Ethereum (ETH)

by oof_pj
May 14, 2022
in Altcoins
0


The co-founder of the crypto trade platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will proceed to fall in worth within the wake of this week’s Terra (LUNA) collapse.

In a brand new weblog post, Arthur Hayes says he’s gearing as much as accumulate each crypto property as he anticipates a drop to main cyclical lows.

In response to Hayes, he’ll be a purchaser of BTC at $20,000 and ETH at $1,300.

“These ranges roughly correspond to the all-time highs of every asset through the 2017/18 bull market.”

Bitcoin is buying and selling at $29,878 at time of writing. Ethereum is buying and selling at $2,049.

Hayes says crypto capital markets want to find out who’s overexposed to something associated to Terra.

“Any service providing above-average yields that’s believed to have any publicity to this melodrama will expertise swift outflows.

And provided that most individuals by no means learn how any of those protocols truly work in misery situations, it will likely be a promote first, learn later train. It will proceed to weigh on all crypto property as all buyers lose confidence and would quite suck their thumb, clutch their security blanket and maintain fiat money.

The crypto capital markets should be allowed time to heal after the bloodletting concludes.”

Terra, the decentralized finance cost ecosystem, has collapsed and misplaced all of its worth earlier this week.

Hayes, nonetheless, says he’s made no alterations to his structurally lengthy crypto positions regardless that they’re dropping worth.

“If something, I’m evaluating the varied altcoins I personal and growing publicity.”

In March, Hayes and fellow BitMEX co-founders Benjamin Delo and Samuel Reed pled guilty to breaking a regulation that requires monetary establishments to assist the federal government detect and counter cash laundering schemes.

The U.S. Division of Justice (DOJ) alleged that the trio willfully failed to take care of anti-money laundering protocols and profited from the transactions of US-based prospects whereas working exterior of the nation.

Verify Price Action

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses chances are you’ll incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in internet online affiliate marketing.

Featured Picture: Shutterstock/Mia Stendal/S-Design1689/monkographic

YOU MAY ALSO LIKE

What Are Altcoins? What Investors Need to Know

DeFi Altcoin Rebounds by More Than 92% From Last Week’s Crypto Crash Despite Class-Action Lawsuit





Source link

Tags: ArthurBitcoinBTCCapitalistCryptodramaticETHEthereumForecastsHayeslows
ShareTweetPin

Search

No Result
View All Result

Recent News

Bitcoin stands apart from other crypto, and what that means for US public policy

Bitcoin stands apart from other crypto, and what that means for US public policy

May 22, 2022
Endless siege WAX blockchain guide – clashdome.io

Endless siege WAX blockchain guide – clashdome.io

May 22, 2022
How the Crypto market crash caused NFL players to lose millions of dollars

How the Crypto market crash caused NFL players to lose millions of dollars

May 22, 2022

Recent News

  • Bitcoin stands apart from other crypto, and what that means for US public policy
  • Endless siege WAX blockchain guide – clashdome.io
  • How the Crypto market crash caused NFL players to lose millions of dollars

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Rippl
  • Videos

Follow Us

Find Via Tags

Altcoin Altcoins analysis Analyst Bitcoin blockchain BTC Buy Cardano Chainlink coin Crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin ETH Ethereum exchange Heres Inu Investors launches Litecoin Market Markets metaverse news NFT NFTs Price Prices rally Ripple Ripples Shiba Solana Today token Top Trading Week XRP
  • Privacy & Policy
  • About Us

© 2021 oof Crypto

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO

© 2021 oof Crypto