Investing.com – Billionaire Bitcoiner and former CEO of BitMEX, Arthur Hayes, shared his latest prediction.
In a blog post, Hayes said he believes the worst is behind us for now.
“While I don’t expect crypto to fully realize the recent US monetary announcements’ inflationary nature immediately, I expect prices to bottom, chop, and begin a slow grind higher.”
Bitcoin once again surpassed $61,000
Earlier this week, Bitcoin had dropped below $57,000 ahead of the Fed meeting. However, Fed Chairman Jerome Powell announced that, as many investors expected, interest rates would remain unchanged. BTC then traded sideways after the decision.
Bitcoin, which gained 5.6% in the last 24 hours, surpassed $61,000 for the first time since the end of April, according to Decrypt.
Arthur Hayes claimed that Bitcoin has reached its bottom, but he stated that he doesn’t plan to buy more at the moment. Instead, he…
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