The Bitcoin (BTC) price is still on track to hit its all-time high of $ 20,000 in 2020, according to BitMEX CEO Arthur Hayes.
In the new ‘Crypto Trader Digest’, Released by the exchange on April 9, Hayes claims it remains its end-of-the-year target despite the historic March drop that seemingly broke all bullish forecasts.
Also Hayes claimed that the price of Bitcoin would not visit $ 3,000 again, and reiterated that the leading cryptocurrency could rise to $ 20,000 after reaching $ 10,000.
The timing of its publication couldn't be worse given that it was published just before the price of BTC dropped by 48 percent in 24 hours. It plummeted to your local $ 3,800 fund, which coincided with BitMEX's disconnection due to ‘An aggressive DDoS attack’.
Now, Hayes does not rule out that the price of Bitcoin (BTC) could drop further if US stocks. fall again.
Mike Novogratz is also bullish on Bitcoin price
Mike Novogratz, the CEO of Galaxy Digital, also hopes that Bitcoin reaches its all-time high this year. Otherwise, you would consider giving it up, as the gigantic dose of monetary stimulus is supposed to be the perfect storm for cryptocurrencies. In his recent interview with CNBC, the Wall Street veteran described him as "An orgy of printing money".
In his latest post, Hayes predicts the printing of US Federal Reserve dollars. It could lead to rampant inflation.
Remember that all commodities are priced in dollars, if you print too much money to monetize your government debt, your money craters and inflation skyrocket. At that time, the Jacobins enter the street and it is better that you do not eat a cake ”.