Arthur Hayes Predicts Bitcoin Bottom at $40K Within 6 Months

In a recent conversation on Ellio Trades’s show, BitMEX co-founder Arthur Hayes shared his outlook on the potential downside for Bitcoin, offering a specific range for where he believes the market could eventually stabilize.

When asked about the ultimate bottom and timing, Hayes said he expects Bitcoin could reach around the $40,000 level within the next six months. He also revealed that he is holding some put spread positions, while still maintaining a significantly large long-term bullish stance in his portfolio.

Source: Ellio Trades’s Show