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International Business Times
International Business Times
Business
Marvie Basilan

'Opposite Usually Occurs': Ex-BitMEX CEO Predicts Bitcoin Slump Around Halving

Bitcoin Arthur Hayes Bitmex Crypto BlackRock Goldman Sachs
The Bitcoin halving this year is expected to occur on April 20. (Credit: Marco Verch/flickr)

KEY POINTS

  • Hayes said Bitcoin and crypto prices in general will fall around the halving event
  • He did agree that BTC prices will likely be positive in the medium term, not 'directly' before or after the halving
  • Historically, Bitcoin prices climbed in previous halvings, but things could be different this time

The former CEO of cryptocurrency exchange BitMEX isn't as optimistic as other analysts and enthusiasts around Bitcoin regarding the digital asset's price "around the halving," an event that cuts BTC mining rewards in half and only takes place every four years.

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