Arthur Hayes, co-founder of BitMEX, believes that Bitcoin 
$102,193 may experience a significant correction before reaching new record levels by the year’s end. He suggests that Bitcoin could drop by approximately 32% from its current levels, followed by a substantial recovery that could see it soar to $250,000 by the end of the year.
Hayes’ Insights
Hayes expressed that while he was initially optimistic about Bitcoin earlier this year, negative signals in the macroeconomic environment and developments within the cryptocurrency industry have diminished that optimism. He emphasizes that the slowdown in the growth rate of global money supply in the first, second, and fourth largest economies significantly impacts Bitcoin’s downward trend.
The renowned investor noted that the current high bullish sentiment for Bitcoin could result in a concerning 32% pullback. He elaborated on how various factors, such as Trump’s statements and the launch of meme coins, influence...
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