Arthur Hayes, co-founder of BitMEX and crypto billionaire, is known as one of the most optimistic Bitcoin experts Usually he expresses himself positively about the price of Bitcoin but right now he expects a correction. In a recent post on Platform X, he announced a change in the order of his scheduled essays, explaining: "I expect a correction of Bitcoin to $70,000 to $75,000."

Reversing the order of my tryptic essay series.

The Ugly will be published tomorrow morning. I am calling for a $70k to $75k correction in $BTC, a mini financial crisis, and a resumption of money printing that will send us to $250k by the end of the year. pic.twitter.com/wohvbKkXOf
— Arthur Hayes (@CryptoHayes) January 27, 2025

His analysis sounds bleak, as without giving further details, he talks about an upcoming "mini financial crisis." He shared a chart showing the falling Bitcoin exchange rate, which at the time was still at $101,600.

At the time of writing, Bitcoin is trading at $100,300, representing a 4.3 percent loss from the previous day. This morning, Bitcoin even briefly dropped below $99,000.

One reason for the current weakness in the stock price is many investors' concerns about the upcoming U.S. Federal Reserve meeting on Wednesday. If Fed Chairman Jerome Powell speaks out "hawkishly" and rejects interest rate cuts, risky assets such as Bitcoin could suffer.

Hayes, on the other hand, predicts that money will soon be "printed again" to cover US economic problems. This would be good news for Bitcoin holders, as this could "take us to $250,000 by the end of the year."

A recent report by Bitfinex already warned of high volatility in Bitcoin and other crypto currencies in the coming weeks. Besides the general market dynamics, the "sell-the-news" behavior of many investors is a decisive factor.

Instead of the hoped-for strategic Bitcoin reserve, 47th US President Donald Trump has so far only announced the launch of a working group that will explore the possibility of "a national stockpile of digital assets."