BitMEX Solana Co-Creator Anatoly Yakovenko Says Layer 2 Solutions are Unnecessary Arthur Hayes anticipates a considerable retreat for Bitcoin, possibly declining to the $70,000-$75,000 range. Nevertheless, he maintains a positive outlook, forecasting a considerable surge to $250,000 by the year’s conclusion.
Hayes indicated in a recent statement that this decline might initiate a “minor financial upheaval,” prompting a new surge of monetary expansion. He anticipates this could ultimately drive Bitcoin’s value to $250,000 by the close of 2025.
Bitcoin last changed hands around $75,000 back in November 2020, soon after Donald Trump’s U.S. presidential election triumph. Presently, Bitcoin is priced at $102,876.
Hayes’ forecast surfaces amidst a general downturn in the cryptocurrency market. Subsequent to the unveiling of DeepSeek R1 on January 20, Bitcoin’s price dipped below $100,000, touching roughly $97,800 during Asian trading periods. This has prompted analysts to ponder the extent of Bitcoin’s potential price decline.
Michael van de Poppe, the originator of MN Capital, minimized worries regarding the present market instability, characterizing the drop as a “brief shock.” He cautioned against hasty responses to short-term market fluctuations, highlighting that Bitcoin has attained what he views as an “appealing entry point.” However, he conceded that if Bitcoin fails to maintain this support level, it could potentially sink to the lower boundary of the spectrum.
