A new post came from BitMEX co-founder and former CEO Arthur Hayes, who made a name for himself with his statements about Bitcoin and the cryptocurrency market.
At this point, the famous CEO, sharing from his X account, argued that Bitcoin would fall below $ 40,000.
Accordingly, Hayes said he purchased $35,000 in put options on March 29.
Additionally, Arthur Hayes stated that the decline in Bitcoin will continue until the US Treasury repays the monthly payments on January 31.
“BTC looks crazy heavy. I think we will drop below $40,000.
I purchased $35,000 in put options on March 29th. I think we will make monthly repayments to the US Treasury on January 31st. And the decline may continue until this date.”
$BTC looks mad heavy. I think we break $40k. I went long some 29Mar $35k strike puts. I think we dump into the 31Jan US Treasury qtly refunding annc. Is Janet Yellen or Talkin'? pic.twitter.com/lyjqNmldzh
— Arthur Hayes (@CryptoHayes) January 22, 2024
In his previous statements, Hayes stated that he expected a decline in Bitcoin in the short term, but that he expected an increase in BTC in the long term, and that “the bull market is just beginning.” he said.
*This is not investment advice.
