Former BitMEX CEO Arthur Hayes has formalized his Bitcoin (BTC) price prediction at $10,000, taking into account the Genesis events.
Cryptocurrency market is going through a troubled period after the recent events. The bankruptcy of the FTX stock market in the past months and the accompanying events affected many investors. One of the crypto companies, Genesis, announced that it was affected by the FTX events. Genesis reported that it could potentially face bankruptcy if it fails to secure financing. The fact that billion-dollar companies entered difficult processes exacerbated the bear market. Finally, Arthur Hayes stated that these events highlight the $ 10 thousand level for Bitcoin.
Arthur Hayes Expects a Drop on Bitcoin Side
Arthur Hayes, the former CEO of the cryptocurrency exchange BitMEX, stated that there may be a decline on the Bitcoin (BTC) side due to the increasing negative events recently.
Hayes, who shared on the social media platform Twitter, said that’s it. “All my friends at the remake will ask if I know anyone I can connect with what happened at Genesis,” Hayes said.
Also, using a sad emoji, Hayes stated that Bitcoin equals 10 thousand dollars.
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