{"id":475230,"date":"2024-01-25T14:58:26","date_gmt":"2024-01-25T14:58:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=475230"},"modified":"2024-01-25T14:58:26","modified_gmt":"2024-01-25T14:58:26","slug":"arthur-hayes-says-mini-financial-crisis-may-send-bitcoin-to-30k-plans-to-load-up-on-solana-and-dogwifhat","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/arthur-hayes-says-mini-financial-crisis-may-send-bitcoin-to-30k-plans-to-load-up-on-solana-and-dogwifhat","title":{"rendered":"Arthur Hayes Says \u2018\u2019Mini Financial Crisis\u2019\u2019 May Send Bitcoin To $30K, Plans To “Load Up On Solana And Dogwifhat”"},"content":{"rendered":"
BitMEX co-founder Arthur Hayes said that a mini financial crisis and supercharged inflation risks sending the Bitcoin price plunging to as low as $30K, and that he’s preparing to ”load up” on Solana (SOL) and Dogwifhat (WIF).<\/p>\n
While the crypto market expects price gains after likely Fed rate cuts in March, Hayes predicts a mini-financial crisis is coming.<\/p>\n
“Once Bitcoin drops below $35,000, I will start bottom fishing,” he said in his latest blog post, headlined “Yellen or Talking<\/a>.” “I will load up on Solana<\/a> and Dogwifhat ($WIF<\/a>).”<\/p>\n The first quarter will see the Bitcoin price encounter multiple obstacles, among them being the conflict in the Red Sea between the US and Houthi rebels that will increase shipping costs, fuelling a ”surge in inflation in the third and fourth quarter of this year, ” he said.<\/span><\/p>\n \"Yellen or Talkin'?\" is an essay on why I think the $BTC<\/a> slump is pointing to a TradFi mini-financial crisis, and it will bottom in the $30k to $35k range.https:\/\/t.co\/uwiLscKwzW<\/a> pic.twitter.com\/zRpUcE6TIz<\/a><\/p>\n — Arthur Hayes (@CryptoHayes) January 23, 2024<\/a><\/p><\/blockquote>\n\n