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.
Fonte: news.bitcoin.com ↗