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Arthur Hayes Predicts Bitcoin Price to Face Double Blow after BTC Halving 2024
Arthur Hayes, an American investor and co-founder of the cryptocurrency exchange BitMEX, has once again shared his insights into potential Bitcoin (BTC) behavior before and after the highly anticipated halving event slated to occur between April 16 and 20 this year.
In his latest blog post, titled Heatwave, the former BitMEX CEO predicted that the leading crypto asset will suffer a double blow after the halving event, which the industry believes will usher in a new wave of bullish market trends.
A Bag of Tricks
Hayes explained that the expected decline in Bitcoin’s value will be triggered by various tactics he likened to a “bag of tricks” employed by the United States Federal Reserve and the Department of Treasury. He suggested that these governmental maneuvers might prompt investors to hastily sell off their digital asset holdings, leading to a prolonged negative impact on the
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