Arthur Hayes: Bitcoin Will Continue to Fall

BitMEX co-founder Arthur Hayes believes there could be a further decline in Bitcoin in the near future, as the American government may trigger a capital outflow from the cryptocurrency market.

He predicts that BTC could potentially reach $35,000 and that the upcoming halving in April will not lead to a surge in price.

Instead, he believes that the market will be dominated by a bearish trend leading up to the halving. He also expects traders to continue exiting BTC after the US government begins quarterly payments on treasury bonds.

However, in the long term, Hayes maintains a bullish outlook and sees potential for Bitcoin to reach $150,000 in the coming years.