BitMEX Founder "Won't Buy BTC Before March...30% Correction Possible"
BitMEX co-founder Arthur Hayes says, "I expect BTC to have a healthy correction of 20-30% by early March. If spot ETFs are listed before then, the price decline could be even deeper. Imagine BTC going to $70,000 in anticipation of hundreds of billions of dollars flowing into the ETF. A 30-40%...
BitMEX co-founder Arthur Hayes says, "I expect BTC to have a healthy correction of 20-30% by early March. If spot ETFs are listed before then, the price decline could be even deeper. Imagine BTC going to $70,000 in anticipation of hundreds of billions of dollars flowing into the ETF. A 30-40% correction could easily happen. This is why I'm not buying BTC until March. I plan to buy a large put position (expiring June 28) when BTC hits a new all-time high in late February."
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