Wu Blockchain (@WuBlockchain): BitMEX co-founder Arthur Hayes reaffirmed his year-end $250,000 Bitcoin target, saying on this week's "Milk Road Show" that last week’s dip to $80,600…
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BitMEX co-founder Arthur Hayes reaffirmed his year-end $250,000 Bitcoin target, saying on this week's "Milk Road Show" that last week’s dip to $80,600 marked the cycle bottom and the subsequent rebound supports that view. He added that much of the inflow into BlackRock's IBIT was "basis trade" capital and that institutional deleveraging is largely complete; with USD liquidity bottoming, quantitative tightening ending and rate-cut expectations rising, he expects the next leg higher to follow. https://t.co/mnJXMtMZDR