Arthur Hayes, CEO of the BitMEX cryptocurrency exchange, gave a forecast of price movements in an interview with Cointelegraph Japanbitcoin next year.
In his opinion, if inflation continues to grow, the role of the first cryptocurrency as a means of saving will increase. This will lead to an increase in bitcoin to previous highs.
However, the level of $ 20,000 remains an important psychological mark and the coin will not overcome it for a long time, he said.
In the event the bear market returns, Hayes is surethat bitcoin will not fall below $ 3000. According to him, the breakeven point for miners is in the range of $ 3000- $ 4000 and it will serve as a serious level of support.
In September, Hayes said that the continuation of the Fed’s policy of quantitative easing could lead to an increase in bitcoin to $ 20,000 thousand.
Read more about the first cryptocurrency price forecasts in the review:
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The stable growth of the Bitcoin exchange rate will begin in March 2020.