Arthur Hayes: BTC will bottom at $40K within 6 months

BitMEX co-founder Arthur Hayes has predicted that Bitcoin (BTC) will bottom out at the $40,000 level within the next six months. According to BeInCrypto, he stated in a recent interview that while his long-term portfolio remains heavily long, he has established a hedge position using a put spread to counter short-term downside risks. Hayes added that he is maintaining his year-end price target for Bitcoin of $200,000 to $250,000.