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Bitcoin News Alerts | Daily BTC News

929: CRYPTO CAPITALIST ARTHUR HAYES FORECASTS ‘DRAMATIC NEW LOWS’ FOR BITCOIN AND ETHEREUM!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 15 May 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

The co-founder of the crypto exchange platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will continue to fall in price in the wake of this week’s Terra (LUNA) collapse. In a new blog post, Arthur Hayes says he’s gearing up to accumulate both crypto assets as he anticipates a drop to major cyclical lows. According to Hayes, he’ll be a buyer of BTC at $20,000 and ETH at $1,300. “These levels roughly correspond to the all-time highs of each asset during the 2017/18 bull market.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Terra Luna trading volume searches 200% as the market adjusts to his death spiral.

0:05.7

That's right, despite the risks involved, Terra's insane volatility still serves as an attractive

0:10.1

market for many short-term investors, mainly because Luna momentarily gained 600% in value just yesterday

0:16.6

on May 14th. And do keep in mind that the token is still practically dead, as you can see here,

0:21.2

trading below a fraction of a fraction of a penny. And they're not so stable coin. TerraUSD is currently

0:26.8

trading under 20 cents, nowhere near a dollar where it should be, as it's still depegged. A lot of

0:32.8

fear in the market is from people who think that Bitcoin is like Luna. but to be clear, Bitcoin is not like Luna.

0:39.3

And regarding Bitcoin, 40% or 7.6 million of all 19 million Bitcoin is in loss. And 60% or 11.4 million

0:46.7

is in profit. Average price Bitcoin in loss is $45,000. And average price of Bitcoin

0:51.9

and profit is $9,000, two different groups, two different

0:55.8

perspectives. And as shared here, experienced Bitcoin investors are not panicking. Sixty-five percent

1:00.7

of Bitcoin are held by experience. One plus, your hoddlers. Also in today's show, Bitcoin

1:05.7

is no longer rat poison. Warren Buffett-backed New Bank unveils crypto trading. That's right. He was recently quoted sharing

1:12.2

if you had every Bitcoin in the world and offered it to me for $25. I would have not accepted it.

1:18.1

Well, now he's backing NewBank, which interestingly enough has over 54 million users,

1:24.2

which may now purchase, hold, and trade digital assets from the same app.

1:27.8

Now, currently, New Bank is accessible in Colombia, Brazil, and Mexico. Also in today's show,

1:32.9

Bitcoin and Ethereum will outperform stocks as risk asset prices crash, says Bloomberg's

1:37.6

strategist Mike McGlone. Quoting him here, the key thing to remember if the stock market keeps

1:42.3

going down, which is likely because the Fed needs it to go down and reduce inflation, Bitcoin and Ethereum will go down, but they'll come out ahead.

1:49.5

Also in today's show, crypto capitalists Arthur Hayes forecast dramatic new lows for Bitcoin and Ethereum.

1:56.0

That's right. The co-founder of the crypto exchange platform, Bitmex, predicts that Bitcoin and Ethereum will continue

...

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