Key Points
- BitMEX co-founder Arthur Hayes predicts a potential correction of Bitcoin (BTC) price towards the $70,000 to $75,000 range.
- Hayes suggests this dip could trigger a mini financial crisis and a renewed wave of money printing, pushing Bitcoin’s price to $250,000 by 2025.
Arthur Hayes, co-founder of BitMEX, has recently forecasted a significant correction in the price of Bitcoin to the $70,000 to $75,000 range.
Bitcoin’s Potential Pullback
In his opinion, this dip could cause a “mini financial crisis” and lead to an increased wave of money printing. If this occurs, Hayes believes that Bitcoin’s price could skyrocket to $250,000 by the end of 2025.
The last time Bitcoin reached the $75,000 level was on Nov. 8, 2020, shortly after Donald Trump’s U.S. presidential victory. Currently, Bitcoin is trading at $102,876.
Broader Market Slump
Hayes’ prediction comes amidst a wider downturn in the cryptocurrency market. After the launch of DeepSeek R1 on Jan. 20, Bitcoin’s price saw a significant drop, falling below $100,000 and hitting around $97,800 during Asian training hours. This has led to various speculations from analysts about the potential further fall of Bitcoin’s price.
Michael van de Poppe, founder of MN Capital, has downplayed worries over the current market volatility, describing the drop as a “short-term shock”. He advised against making hasty decisions based on short-term market changes, and noted that Bitcoin has reached what he calls an “exciting entry zone”. However, he conceded that if Bitcoin fails to hold this support, a fall to the range lows is probable.
