Millionaire investor who predicted bitcoin's drop now expects a new rise in the cryptocurrency.
Arthur Hayes accurately predicted that bitcoin would fall below $$ 80, but sees a new favorable scenario for the cryptocurrency in the short term.
Millionaire investor Arthur Hayes caught the market's attention at the beginning of 2025 after accurately projecting that bitcoin would reverse its upward movement and begin to fall until reaching a price below $$ 80. Now, however, he believes that the cryptocurrency should rise again.
In a post on X, formerly Twitter, this Thursday, the 20th, Hayes stated that recent interest rate decisions by the central banks of Japan and the United States have created space for a new rise in the cryptocurrency. Therefore, he believes that the price of $$ 77 was the "bottom" of the asset.
The term is used in the market to refer to a minimum price reached by the asset during a downward movement, indicating that the asset will not fall to levels below it. Hayes believes that bitcoin may still experience some sideways movement in the short term, but the scenario is now more positive.
He highlighted that the Bank of Japan's decision to maintain the country's interest rate and the Federal Reserve's indication that it intends to implement two rate cuts in the United States this year create an environment of less pessimism for investors. And cryptocurrencies would be among the biggest beneficiaries.
Hayes also assesses that the best scenario for bitcoin to start a more intense rise would be the resumption of the so-called "quantitative easing" by the Federal Reserve, something that has not yet been announced by the authority. This strategy increases liquidity in the market, benefiting various investments.
The investor stated that the decline of cryptocurrencies may not be over yet, but the assets will likely not hit new minimum prices in 2025. "The trend has now shifted to a more optimistic signal, upward," summarized the investor in his post.
