BlockBeats News, November 18th, BitMEX co-founder Arthur Hayes stated in his latest blog post “Snow Forecast” that, “Bitcoin dropped from $125,000 to around $90,000 range, while the S&P 500 and Nasdaq 100 indices are still lingering at historical highs. This leads me to believe that a credit event may be brewing. This view was confirmed as I observed the decline in the U.S. dollar liquidity index since July. If the assessment is correct, the stock market may experience a 10%-20% correction, while the 10-year U.S. Treasury yield approaches 5%, which will force the Federal Reserve, Treasury Department, or other U.S. government agencies to urgently implement some form of money printing scheme. During this soft period, Bitcoin may drop to $80,000 to $85,000. If a more widespread risk market collapse occurs and the Federal Reserve and Treasury Department accelerate money printing actions, Bitcoin could rally to $200,000 to $250,000 by the end of the year.”
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