Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’

Quick Summary:

Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: Japan

Topics: Cryptocurrency Dollar Bitcoin Arthur Hayes Crypto Federal Reserve Markets and Prices Altcoins BitMex Liquidity Monetary Easing Central Banks BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 23:30:51 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 22370474

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 20 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 12 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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