Bitcoin (BTC) started the week on a high note as the war between the US and Iran, which has been ongoing for weeks, continues.
Bitcoin surged more than 3% to over $69,000, prompting a new warning from Arthur Hayes, the co-founder of BitMEX, known for his bold statements.
According to Forbes, Arthur Hayes warned that Bitcoin could fall below $60,000 in the short term if the geopolitical conflict between the US and Iran continues.
Hayes also suggested that the escalating conflict between the US and Iran could trigger a short-term sell-off, potentially pushing BTC below $60,000 in the short term.
However, he stated that his long-term forecast remains unchanged and he predicts that BTC will eventually rise to between $250,000 and $750,000 within the current cycle.
Hayes stated that there is a possibility of a decline in the short term, adding that unless the Fed increases liquidity, he will not invest more in BTC at its current price.
“I am cautious about additional investments as long as the Federal Reserve has not yet stepped in to increase liquidity.”
If tariff policies trigger inflation and lead to capital controls, this could actually act as a catalyst to increase Bitcoin liquidity.
*This is not investment advice.