
BitMEX co-founder and Maelstrom CIO Arthur Hayes suggested Friday that Bitcoin (BTC) may be nearing a market bottom after its dip to around $82,200 in early-morning trade.
In a post on X, Hayes stated that Bitcoin could be close to its lowest point, but investors might want to wait for U.S. AI stocks to decline further before buying. He reiterated that the main driver for a crypto rally would be renewed central bank money printing. “For that, we need AI tech stocks to crater,” he said.
In a broadcast on X earlier this week, Hayes predicted that Bitcoin’s price could hit $500,000 in 2026 and that the primary catalyst would be quantitative easing by the Federal Reserve. However, Hayes also forecast that Bitcoin would first dip as low as $80,000 to $85,000 before staging any kind of recovery.
Get updates to this developing story directly on Stocktwits.<
Read also: Bitcoin ETFs Hit Record Monthly Outflows In November – Average Investor Now in the Red, Says Analyst
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.