Arthur Hayes, the founder of BitMEX, believes that the short-term price of Bitcoin will be influenced by US politics. He suggests that if President Trump is unable to pass his budget and the debt ceiling is increased, Bitcoin's price could drop to levels seen before the election. Hayes also speculates that hedge funds holding BlackRock's iShares spot Bitcoin ETF may sell if BTC's price continues to decline. BTC is currently trading at $84,498 and has experienced a 4% drop in the past 24 hours.



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