Right time to buy BITCOIN... ?!
The chief executive of embattled Seychelles-based bitcoin and cryptocurrency exchange Bitmex, Arthur Hays, warning bitcoin could fall as low as $3,000 over the short term.
"Could the price retest $3,000? Absolutely," Hays wrote in his regular market letter to bitcoin and crypto traders and investors last week.
"As the [S&P 500] rolls over and tests 2,000 expect all asset classes to puke again. As violent as the [first quarter] collapse in asset values was, we have almost 100 years of imbalances to unwind the ancien régime."
That said, Hays still expects the bitcoin price to see a return to its all-time highs later this year.
Read More here @forbes.com