Arthur Hayes, co-founder of crypto exchange Bitmex, has issued a cautionary note regarding the future of Bitcoin and altcoins. He indicates that Bitcoin could "slowly leak lower towards $50,000," while altcoins might sink further "into the gutter."
Hayes attributes this potential decline to the impact of dollar liquidity and policies by the Federal Reserve. Despite these short-term bearish predictions, Hayes remains cautiously optimistic about the long-term future of the crypto market.
He anticipates that future monetary easing measures by the Federal Reserve could eventually benefit cryptocurrencies, potentially reversing any downturns in Bitcoin and altcoin prices.
