Arthur Hayes explained that from a technological point of view, the first cryptocurrency is fine – there are no large updates and bugs. The price of bitcoin is fully dependent on the upcoming changes in global monetary liquidity.
“If my forecast is correct, at least $ 76,500 remained in the past. The goal is $ 250,000 by the end of the year. Yes, forecasts in this market can hardly be called accurate, but if I were offered to choose: whether Bitcoin will first see $ 76 500 or $ 110,000 – I would not hesitate to put $ 110,000, ”the businessman said.
In his opinion, the US Federal Reserve (Fed) will “fill the market with dollars”, and the People’s Bank of China will weaken the monetary policy, which will lead to an increase in the volume of yuan. An increase in liquidity in the markets will lead to the fact that bitcoin, like the entire cryptocurrency industry, will certainly demonstrate the growth of quotations and capitalization, the entrepreneur believes.
Earlier, Arthur Hais urged crypto traders not to be upset due to the fall of bitcoin and wait a bit when the situation in the global financial market will change for the better.
Source: Bits
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