Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 before August

Golden Finance reported that Arthur Hayes, former CEO of Bitmex, predicted that by August, Bitcoin will trade between $60,000 and $70,000. Hayes explained that the slow increase in liquidity of billions of dollars per month will suppress negative price movements from now on. While I don't think cryptocurrencies will immediately fully realize the inflationary nature of the recent U.S. monetary policy announcement, I expect prices to bottom out, fall, and then start to slowly move higher.