BitMEX founder Arthur Hayes believes that Bitcoin and the crypto market will experience lower prices before rallying to new all-time highs. He previously predicted that Bitcoin could drop to $70,000 before reaching as high as $250,000. Hayes suggests that the correction in the crypto market will continue until traditional financial institutions are on the brink of collapse and the Federal Reserve intervenes to ease monetary policy. He also states that altcoin Solana (SOL) could drop to a level last seen in November 2020.



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