Arthur Hayes Reverses Short-Term Bearish Stance, Says Bitcoin Will Hit All-Time Highs This Year

Arthur Hayes Reverses Short-Term Bearish Stance, Says Bitcoin Will Hit All-Time Highs This Year


BitMEX founder Arthur Hayes says he’s no longer short-term bearish on Bitcoin (BTC) now that the crypto king has convincingly proved him wrong.

Earlier this year, Hayes says he bought some put options for Bitcoin at a strike price of $35,000 with the expectation of a short-term price correction.

In a new interview on Crypto Banter, Hayes says that he’s expecting BTC to hit new all-time highs by the end of this year and is no longer anticipating any significant correction for the time being.

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“[I’m] definitely bullish for the rest of the year. I think Bitcoin is going to hit the all-time of $70,000 by the end of the year.

My put position was just like a cheeky short position. I thought ‘You

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