The co-founder of BitMEX, Arthur Hayes, believes that ביטקאָין will soon crash to $10,000. What can trigger the Bitcoin crash?
The co-founder of the BitMEX exchange, Arthur Hayes, tweeted by attaching a screenshot of a בלומבערג אַרטיקל about the Genesis Bankruptcy. As per the tweet, if Genesis goes bankrupt, Bitcoin could crash to $10,000.
די קהל שאלות Arthur if he has been accurate with any price targets from the last few months. They call him out for switching from $10,000 עטהערעום price predictions to $10,000 Bitcoin price predictions.
עטלעכע אפילו גלייבן that the founder of BitMEX is bearish because he bought Bitcoin puts.
The Genesis Bankruptcy
Last week, the lending entity Genesis Global Capitals מודיע that it has temporarily suspended redemptions and new loan originations due to “abnormal withdrawal requests.” The company has a liquidity crunch due to the default of Three Arrows Capital and the recent ייַנבראָך פון FTX
לויט צו די בלומבערג באַריכט, Genesis is trying to raise funding of $1 billion for its lending unit. Genesis may file for bankruptcy if it fails to raise the funding. Recently it is געמאלדן that Genesis may cut its capital raise to $500 million.
Can Genesis Bankruptcy Eventually Lead to a Bitcoin Crash to $10,000?
Genesis is owned by the Digital Currency Group that controls one of the largest investment vehicles, The Grayscale Bitcoin Trust (GBTC). It has over $ קסנומקס ביליאָן in assets under management. Chahal Verma, a crypto influencer on Twitter, גלויבט that if Genesis goes down, it can have a much more significant impact on the market than FTX.
The collapse of Genesis will likely impact Grayscale as well. The crypto trader shares his point of view on how Bitcoin can crash below $10,000
Got something to say about the Bitcoin crash or anything else? Write to us or join the discussion on our טעלעגראַם קאַנאַל. איר קענט אויך קאָנטאַקט אונדז טיק טאָק, facebook, אדער טוויטטער.
פֿאַר בעינקריפּטאָ ס לעצט ביטקאָין (BTC) אַנאַליסיס, דריק דא
אָפּלייקענונג
אַלע די אינפֿאָרמאַציע קאַנטיינד אויף אונדזער וועבזייטל איז ארויס אין גוטן אמונה און בלויז פֿאַר אַלגעמיינע אינפֿאָרמאַציע צוועקן. קיין אַקציע וואָס די לייענער נעמט אויף די אינפֿאָרמאַציע געפֿונען אויף אונדזער וועבזייטל איז שטרענג אויף זייער אייגן ריזיקירן.
Source: https://beincrypto.com/btc-will-crash-to-10000-says-bitmex-co-founder-arthur-hayes/