BitMEX co-founder Arthur Hayes has reiterated his view on Bitcoin’s price trend, stating that the leading cryptocurrency could bottom out around $70,000 before resuming its upward momentum.
Arthur Hayes Predicts Bitcoin Will Bottom at $70K Before Rising to $250K
Hayes described a potential 36% correction from Bitcoin’s all-time high of $110,000 as a normal occurrence in a bull market, stressing that such pullbacks are typical before the next rally.
Long-Term Bitcoin Forecast: $250K in 2025, $1M in the Future
Previously, Hayes predicted that Bitcoin would initially fall to the $70,000-$75,000 range before rising to $250,000 by the end of 2025. Looking even further ahead, he argues that BTC could eventually reach $1 million.
His bullish outlook is in line with expectations of increasing institutional adoption, global macroeconomic changes, and continued inflationary pressure, which he believes will propel Bitcoin to new highs.
Despite the short-term correction, Hayes remains optimistic about Bitcoin’s long-term trajectory, urging investors to view dips as potential buying opportunities in an ongoing bull cycle.
*This is not investment advice.
