Arthur Hayes is ready to buy bitcoins for $ 10,000

editor’s note: this is not financial advice!

Arthur Hayes, the former CEO of the BitMEX cryptocurrency exchange, recently posted on Twitter that he was ready to buy bitcoin at $ 10,000. According to the analyst, the rate of not only the flagship cryptocurrency but also other digital assets will continue to fall.

Y’all ready for this?$BTC 10k my fiat is ready!!! pic.twitter.com/FVsooDJhVT

— Arthur Hayes (@CryptoHayes) November 16, 2022

The expert expects BTC $95,907.28 Bitcoin -0.21% Market capitalization $1.9 trillion VOL. 24 hours $2.26 billion to reach $ 10−15 thousand, ETH $3,327.25 Bridged Ether (StarkGate) 0.61% Market capitalization $0.3 billion VOL. 24 hours $1.36 billion - $ 750−1000, and SOL $185.15 Solana 3.07% Market capitalization $88.75 billion VOL. 24 hours $0.73 billion  — $ 3. If cryptocurrencies eventually reach this threshold, investors' losses will amount to millions of dollars. According to Hayes, financial managers affected by the situation with FTX will reduce the number of their trading platforms, which will cause another liquidity crisis in the industry. As a result, cryptocurrencies will fall even further.

8/#Crypto OG diamond hands are waiting for lower levels and will step in to further increase their stacks. $BTC = $ 10k — $ 15k$ETH = $ 750 — $ 1k$SOL = $ 3

— Arthur Hayes (@CryptoHayes) November 9, 2022

It is noteworthy that many crypto analysts, like Hayes, expect BTC to fall further. Representatives of the analytical research fintech company Fundtstrat said that in the near future, the flagship of the crypto market could drop to four digits. This will automatically mean an 85% drop in BTC relative to the historical high.

Cryptocurrency experts also continue to sound the alarm about the crisis in the industry. Thus, researchers from Coinbase Research predict that the turbulence in the digital asset market will last for several more months, and possibly until the end of 2023. Experts suggest that the recent crisis and the absence of large investors who would invest in cryptocurrencies may prolong the already long cryptocurrency winter.

At the time of writing, BTC $95,907.28 Bitcoin -0.21% Market capitalization $1.9 trillion VOL. 24 hours $2.26 billion reached $ 16,582, with a market capitalization of $ 318.5 billion and daily trading volume of $ 4.14 billion.