Famous CEO: Wait! You will get Bitcoin and ETH at this price

Famous CEO: Wait!  You will get Bitcoin and ETH at this price

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The co-founder and CEO of the exchange BitMEX predicts that the prices of Bitcoin (BTC) and Ethereum (ETH) will continue to fall after the Terra (LUNA) crash this week. In his regular weekly analysis, he predicts a dramatic collapse this week. Keep in mind that the estimates are not precise.

The Famous CEO Revealed a Dramatic Bitcoin and ETH Scenario

In a new blog post, Arthur Hayes says he is also preparing to hoard the crypto giant as he predicts a drop to previous lows. According to Hayes, investors will have another opportunity to buy BTC at $20,000 and ETH at $1,300. In one part of the article he says:

These levels roughly correspond to the ATH levels of the 2017/18 bull market.

As of this writing, Bitcoin and Ethereum are trading in the $30 and $2,000 areas, which are considered critical. Meanwhile, the total market capitalization has fallen back to $1 trillion. This means that more than half of the money from the November spike is gone.

This will continue to weigh on all cryptocurrencies as all investors lose confidence and prefer to suck their thumbs, grab the safety blanket and hold on to fiat currency. Once the bloodshed is over, crypto stock markets should have time to recover.

cryptocoin.com As we reported, the Terra decentralized financial payments ecosystem collapsed earlier this week and lost all of its value.

If anything, I am evaluating the various altcoins I own and increasing exposure.

In March, Hayes and BitMEX co-founders Benjamin Delo and Samuel Reed were found guilty of violating a law that required financial institutions to help the government detect and thwart money laundering schemes. The US Department of Justice (DOJ) claimed the trio deliberately failed to maintain anti-money laundering protocols and profited from the transactions of US-based clients while operating outside the country.

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