According to the CEO of the BitMEX cryptocurrency derivatives exchange, Arthur Hayes, the Bitcoin exchange rate it is likely to fall again to $ 3,000.
Hayes believes that the securities market is stillIt can greatly decrease, and pull along all other markets, including cryptocurrency. Given that the recent decline in bitcoin on March 12-13 correlated with the securities market, it is possible that the price of the first cryptocurrency could drop to $ 3,000.
“Bitcoin may be in a difficult position. Can Bitcoin Price Test $ 3,000? Yes, of course. Given that the SPX is preparing to decline to 2,000, all assets will sag again. No matter how tough the collapse of the value of assets in the first quarter is, markets can show the strongest volatility in 100 years, ”said BitMEX CEO.
Note that many analysts expect large-scaleprice fluctuations of the first cryptocurrency. So, according to Chamath Palihapitiya, General Director of Social Capital, a venture company, Chamath Palihapitiya, bitcoin may well reach $ 1 million in the long run, but you should not expect it to replace fiat currencies.