Arthur Hayes, the founder of BitMEX, anticipates a significant correction in Bitcoin’s value by early March. He expects a 20% to 30% drop from its peak level, potentially exacerbated if U.S.-listed spot Bitcoin ETFs have started trading. Hayes speculates that the expectation of substantial fiat investment into these ETFs could drive Bitcoin close to its 2021 high of $70,000. However, he warns of a 30% to 40% correction due to potential dollar liquidity issues.
