Arthur Hayes, Maelstrom Fund CIO, warns that economic pressures could push Bitcoin to $100,000, citing tariff fears and weak job reports. He sold $13M in ETH, ENA, and PEPE. Hayes’ wallet now holds $28.3M, with $22.95M in USDC. Bitcoin correction imminent due to tight credit and tariff concerns, with BTC down 7.7% and ETH down 12.5%.
Despite fears, analysts believe major Bitcoin pullbacks are in the past. Bloomberg’s Eric Balchunas notes reduced volatility since BlackRock’s Bitcoin ETF filing. Mitchell Askew of Blockware Solutions predicts the end of parabolic bull markets. Bitcoiners confident in stability despite market challenges. Bitcoin ETF filing in June 2023 led to less volatility and drawdowns. Ray Dalio sells final Bridgewater stake.
Read more at Cointelegraph: Arthur Hayes Says Bitcoin, Ether Could Fall On Macro Headwinds
