Bitcoin: When Will the Decline Stop?

Arthur Hayes, co-founder of cryptocurrency derivatives exchange Bitx, believes the market is still in a bull cycle. However, in a worst-case scenario, he expects Bitcoin (BTC) to drop to its previous all-time high of $70,000. Despite short-term volatility, Hayes remains optimistic about BTC’s long-term trajectory. He advises buying the dips cautiously—without leverage—and waiting for potential financial turmoil, particularly in the U.S., which he believes could eventually push BTC to $1,000,000 or higher.

Gracy Chen, Managing Director of the cryptocurrency trading platform Bit, also weighed in, noting that despite growing institutional interest, BTC’s price could still dip to the $72,000–$80,000 range. Meanwhile, global investors are increasingly worried about escalating geopolitical tensions and potential retaliatory tariffs, which could further strain global trade.

Chris Weston, Research Director at Pepperstone Group Ltd., highlighted the rising market anxiety, emphasizing the need for traders to remain proactive. With volatility increasing, he warned that unexpected developments could significantly impact the market at any moment.

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