Short Term Bitcoin Price Prediction, Down to $50,000?

Bittime - Arthur Hayes, founder of BitMEX, said that the Federal Reserve's monetary policy and Bitcoin price interrelated. Read this article to find out the full news!

Federal Reserve Monetary Policy and Bitcoin Prices

Hayes predicts that in the short term, Bitcoin prices may fluctuate below $50,000, but remains optimistic about the long-term prospects.  

Hayes explained the market's reaction to the interest rate cut. The Federal Reserve responded to inflation by rapidly raising interest rates, but government spending remained the main factor driving inflation.

In this case, the price of Bitcoin is greatly influenced by monetary policy. When interest rates rise, there is pressure on risk assets like Bitcoin, which often experience price declines. However, Hayes believes that this pressure is only temporary and does not change the long-term prospects of Bitcoin as an investment asset.

Read Also: Bitcoin Market Has Turned From Bearish To Neutral

Short Term Bitcoin Price Predictions

Hayes predicts that in the short term, Bitcoin prices will probably fluctuate around current levels. In a worst-case scenario, the price of Bitcoin could slowly fall to $50,000. 

While this drop may be surprising, Hayes sees it as an opportunity to enter the market at a discount. He remains holding long positions without leverage and plans to add to his positions when quality projects experience deeper price declines.

These price fluctuations are considered a normal reaction to broader market dynamics, especially considering uncertain global economic conditions.  

Crypto Market Long-term 

Although Hayes predicts a short-term drop in Bitcoin prices, he remains optimistic about the crypto market. He believes that once fiat liquidity improves again, tokens from projects that have a real user base and significant revenue will see a surge in price. 

This suggests that Hayes sees great potential in projects that have real-world utility and adoption, which will support future price increases.

Hayes' optimistic view of the crypto market is based on his belief that the crypto market is still in the early stages of development. As blockchain technology matures and becomes more widely adopted, the price of Bitcoin and other crypto assets will increase significantly in the long term.

Read Also: Altcoin Season Hasn't Arrived Yet, Bitcoin Dominance is Still Strong

How to Buy Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.