If there is one thing that those in the crypto world like to do, it’s to speculate about the future market performance of Bitcoin. As the world’s most famous token, Bitcoin is always the subject of price predictions. The latest of these comes from BitMEX co-founder Arthur Hayes, who announced that he has changed his stance on Bitcoin for the rest of the year. This was said during a recent interview on Crypto Banter.
Hayes Bullish on Bitcoin
In the past, Hayes has taken a short-term bearish stance on Bitcoin. So much so that he had predicted a market correction after Bitcoin hit the $35,000 mark. But now, he has changed his mind and expects Bitcoin to even reach a new all-time price high by the end of the year.
He says that back in March 2023, he had expected the Bitcoin price to reach $40,000. After it did, there was a brief market correction, and the price fell to $38,000. He’d expected the market to see a steeper decline but now admits that Bitcoin seems to be on a good path. He was so sure of his position that he brought p...