BitMEX founder Arthur Hayes recommended buying BTC near the $80,000 mark. According to CryptoBriefing, Hayes diagnosed that the recent decline is merely a shakeout due to macroeconomic pressure, and the long-term upward trend remains valid. He predicted that although BTC is under pressure due to the shock from US CPI and PPI indicators, the surge in Treasury yields would pressure the Trump administration to expedite a trade agreement with China. While allowing for the possibility of a short-term correction to $70,000, he added that a target of $250,000 could be set if the Federal Reserve implements quantitative easing (QE).
