Bitcoin Could Plummet to $50,000 Before Reaching $1 Million
BitRss has featured an interview with Arthur Hayes, co-founder of BitMEX. Hayes predicts that Bitcoin may fall to $50,000 before reaching its potential value of $1 million.
The prediction is based on the current market conditions and the price action seen in previous cycles.
Hayes notes that this drop would be a correction within a larger bull trend, which would ultimately lead to a massive increase in value.