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Arthur Hayes, founder of BitMEX, one of the leading cryptocurrency exchanges, shared his views on the future course of Bitcoin. Hayes expects a Bitcoin correction in early 2024. 
<h2 id="hayes-says-bitcoin-s-bull-run-could-face-a-20-30-correction">Hayes Says Bitcoin's Bull Run Could Face a 20-30% Correction</h2> 
<blockquote> 
 Hayes expects Bitcoin to undergo a healthy correction of 20% to 30% from current levels by early March. 
</blockquote> 
Hayes suggests the correction could be even more significant if the highly anticipated US-listed spot Bitcoin ETFs have already begun trading. 
He outlines a scenario in which the expectation of significant fiat inflows into these ETFs could push Bitcoin's price above $60,000 and close to its 2021 all-time high of $70,000. 
Related News: <a href="https://en.bitcoinsistemi.com/binances-investment-arm-binance-labs-announced-it-is-investing-in-a-new-altcoin/" target="_blank" rel="dofollow">Binance's Investment Arm Binance Labs Announced It Is Investing In A New Altcoin!</a> 
In his analysis, Hayes warns of a potential correction of 30% to 40% triggered by “a withdrawal of dollar liquidity.” 
This event represents a sudden and significant reduction in liquidity, particularly in US dollars, and could have a cascading effect on asset prices. 
However, the prospect of large-scale institutional investment through Spot Bitcoin ETFs has been a focal point in the cryptocurrency market. 
Institutional participation is often viewed as a key driver of price movements, and the launch of Bitcoin ETFs is expected to bring significant capital into the crypto space. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-etf-and-general-market-comment-from-bitmex-founder-arthur-hayes-is-bitcoin-expected-to-fall/">Bitcoin ETF and General Market Comment from BitMEX Founder Arthur Hayes! Is Bitcoin Expected to Fall?</a>

Bitcoin ETF and General Market Comment from BitMEX Founder Arthur Hayes! Is Bitcoin Expected to Fall?

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