Arthur Hayes predicted the fall of bitcoin quotes to $ 70,000

Arthur Hayes, the former head and founder of the BitMEX derivatives crypto -tanks, predicts a decrease in the price of the Bitcoin cryptocurrency (BTC) to $ 70,000 – $ 75,000. In his opinion, the market overestimated the impact of Donald Trump on the regulation of cryptocurrencies. Investors expected fast liberalization, but in reality the process was much slower.

Heis believes that the cryptorrd participants believed too early in favorable changes. Over the past 2 months, Bitcoin increased from $ 70,000 to $ 110,000, but further expectations did not meet. According to the specialist, Donald Trump and Republicans have already received support for members of the crypto community, and now they act at a pace convenient for them. The regulation of digital currencies, meanwhile, has not yet become the priority of the White House.

The expert notes that Trump is able to make decisions quickly. He promptly introduced 25%of the US trading partners and canceled ESG and Dei Politics in government agencies. However, he is in no hurry with cryptocurrencies, creating working groups and committees instead of specific steps.

According to Hais, the cryptocurrency will be able to get out of this crisis only with a large -scale emission of money. This can be stimulation from the Fed, the Ministry of Finance of the United States, China or Japan. Clear laws are also important to develop decentralized technologies.

At the same time, the expert is skeptical of a possible “compromise” bill. In his opinion, it can benefit large corporations, such as Coinbase and BlackRock, but will not contribute to the development of global crypto community. Heis believes that true supporters of decentralization should actively fight for their interests. He urges investors not to wait for changes, but to demand them from politicians. According to him, likes in social networks do not lead to real results, and serious changes require effort.

Author

Peter Ivanov