$BTC

Co-founder of the cryptocurrency exchange BitMEX Arthur Hayes advised when and at what rate to buy bitcoins.

Stay… calm. Bitcoin will likely reach a bottom around $70,000. A correction of 36% from the historical high of $110,000 is normal during a bull market.

It is necessary for the stocks, SPX and NDX [S&P 500 and Nasdaq-100 indices respectively] to fall freely. After that, the traditional financial sector should go down.

Then the US Federal Reserve, the People's Bank of China, the European Central Bank, and the Bank of Japan will ease policy to make their countries great again, Hayes wrote.

Arthur Hayes

Arthur advises buying BTC as soon as the central banks ease monetary policy, which will signal an impending turnaround in the cryptocurrency market due to an influx of capital.