Arthur Hayes predicts Bitcoin to drop below $75,000

Could we be entering a bearish stage of the crypto bull run? Or is the bull run completely over?

We saw some huge negative volatility for Bitcoin and crypto earlier this week.

Around $1 billion was liquidated from the crypto market in a 24-hour period on Jan. 27. Most liquidated positions were long positions, and some of the largest were $312 million in Bitcoin liquidations, $143 million in Ethereum liquidations, $50 million for Solana and $42M for XRP.

So why was crypto crashing? Well, the stock market crashed after a Chinese artificial intelligence startup launched a direct competitor to OpenAI’s AI chatbot, ChatGPT. It’s called “Deepseek”, it cost the developers way less to develop than ChatGPT, it’s completely free to use, and is reportedly 50 times more powerful than ChatGPT. AI stocks, including chip makers and major tech stocks, were down in the U.S. and Europe, with potential losses of up to $1 trillion in market value. Nvidia shares were down over 16% on the day, with around $450 billion in value lost. The market reacted this way amid fears that Chinese AI firms could overtake those in the U.S.

Former Bitmex CEO Arthur Hayes recently said he believes we could see a major Bitcoin price correction down to $70,000 or $75,000. He also predicts a mini-financial crisis and a resumption of money printing that will eventually send us to $250,000 in Bitcoin by the end of 2025. This is definitely a potential scenario you should be paying attention to if you’re investing or trading in crypto. Watch today’s video to find out what you can do to prepare.

Do you agree with Arthur Hayes? Leave me a comment below the video!