Arthur Hayes: “Bitcoin will decrease to $30 000 By the end of the II quarter " – Bits Media

Former General Director of the Bitmex cryptocurrency derivatives, Arthur Hayes counts, that the cryptocurrency market is waiting for the fall and by the end of the II quarter Bitcoin will decrease to $30 000, And the air is $2 500.

In an article on the blog Arthur Hayes (Arthur Hayes) describes his view of financial and Cryptocurrency markets. He emphasizes, that there is no special analytics at the statement of market reduction:

“There is no special science behind these numbers, This is rather intuition. The worst of all then, that I started buying certain altcoins, since prices are extremely attractive. AND, Although many of them have decreased 75% From historical maximums, I don't think, that altcoins will be able to avoid the upcoming fall. All in all, I will buy bitcoin and ether after collapse in June 2022 of the year".

Hayes noted, that this forecast may be quite incorrect. However, the increased correlation between the cryptocurrency and the traditional market hints precisely on such an outcome.

“Many people think, that the worst is already behind. I think, They ignore the inconvenient truth, consisting in that, that cryptocurrency markets are now extremely correlated with traditional. Trade goes on regardless of fundamental factors. The market does not take into account, that blockchains are peering, Decentralized and resistant digital networks - created to transfer money and not only ", Hayes concluded.

Earlier, the founder of BitMex stated, that the ether in 2022 will use the year more often, than bitcoin. Based on this, the second cryptocurrency can achieve $10 000 already this year.