Bitcoin price may drop to $50,000 due to macroeconomic factors, but long-term prospects are positive.

From Investing.com

September 04, 2024 08:00 AM:

Arthur Hayes predicts a bearish outlook for Bitcoin, foreseeing a potential decline to $50,000. He attributes this to macroeconomic factors like U.S. government spending and Federal Reserve policies. Hayes believes Bitcoin will only slightly increase in the near term, with altcoins facing larger drops. However, he remains bullish on the long-term prospects of Bitcoin. Hayes anticipates intervention in September, potentially boosting Bitcoin’s value in the long run.

Read more at Investing.com: ‘Worst Case Scenario’ Bitcoin Price Revealed by Arthur Hayes By U.Today