Arthur Hayes and the Man Who Called Bitcoin Near $100 Say Buy the Dip
Arthur Hayes and Davinci Jeremie advise buying Bitcoin dips, attributing the price drop to macro pressures and forced shakeouts.Summary
Former BitMEX CEO Arthur Hayes and early Bitcoin investor Davinci Jeremie are advising investors to buy Bitcoin (BTC) during its recent price dip below $80,000. Hayes links the decline to rising 10-year Treasury yields, suggesting it will pressure President Trump to secure a trade deal with China to prevent broader TradFi market collapse. He is personally buying dips and anticipates Bitcoin reaching $250,000 once the Federal Reserve shifts to quantitative easing. Meanwhile, Davinci Jeremie, known for calling Bitcoin near $2 in 2013, views the current sell-off as a recurring "shakeout" rather than a market top, citing historical patterns of similar events. He believes panic sellers will regret exiting their positions. The article notes that Bitcoin is currently trading around $79,525, down from its all-time high, and its price movement is tracking rising yields and renewed US-China tariff tensions.
(Source：BeInCrypto)