GuShiio.com GuShiio.com learned that BitMEX co-founder Arthur Hayes posted a message saying,’I firmly believe that we are still in a bull cycle, so the worst case scenario is that Bitcoin’s bottom will return to the historical high of $70,000 in the previous cycle. I’m not sure if it will fall to this level. A positive indicator of dollar liquidity is that the U.S. Treasury’s total account balance is declining, which amounts to a liquidity injection. I expect another chance at the low of $80,000. If the S & P 500 or Nasdaq 100 retracts 20% to 30% from its historical high and a large financial institution is at risk of bankruptcy, we may experience a synchronized decline in global markets. That means all risky assets will suffer together, and Bitcoin could fall below $80,000 again, or even $70,000. No matter what happens, we will cautiously buy on dips during declines, not use leverage, and wait for the final financial shock in global markets (especially the United States), which will bring a price of $1 million or more for Bitcoin.
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