Arthur Hayes advises buying Bitcoin, Andrew Tate advises preparing for disaster
Following Bitcoin's rapid collapse below $104,000, the crypto market is at a crossroads. Arthur Hayes calls the decline “the selloff of the century” and urges investors to seize the opportunity, while Andrew Tate warns that the worst is yet to come.
The stark contrast between their forecasts reflects investor sentiment, torn between fear and hope for a recovery. On October 7, Bitcoin hit a record high of $126,198, but has lost more than 17% in ten days amid trade tensions between the US and China and growing problems in the banking sector.
Bulls and bears argue about Bitcoin's future
According to CoinGecko, BTC fell nearly 2% on Friday, hitting a four-month low. The decline coincided with reports of financial difficulties at Zions Bank and Western Alliance Bank, raising the risk of systemic problems in the banking industry.
Arthur Hayes called the situation a “sell-off” and said that such crises are a great opportunity to enter the market.
“BTC is on sale. If the US regional bank volatility escalates into a crisis, prepare for a bailout like in 2023. Then go shopping if you have the spare capital,” he wrote on X.
According to him, if the authorities begin to “rescue” the banking industry, the crypto market will experience strong growth. Hayes is convinced that in the event of financial instability, the influx of liquidity will once again flow into digital assets.
On-chain data doesn't yet support Hayes's optimism. Over the past week, miners have transferred over 51,000 BTC to exchanges, likely due to selling. Furthermore, spot ETF flows have shown an outflow of approximately $536 million per day —four consecutive negative days.
Arthur Hayes previously explained why Bitcoin's (BTC) 4-year cycle no longer works.
Andrew Tate predicts a crash to $26,000
Andrew Tate, a blogger, entrepreneur, and former world kickboxing champion, believes Bitcoin could fall to $26,000 , returning to September 2023 levels. Only then will a serious recovery begin.
“It could always be worse. The price could always go lower,” Tate said, criticizing the “blind optimism” of traders that is preventing the market from finding a real bottom.
Despite facing criminal prosecution in Romania, Tate remains an influential figure online, promoting the “war room” philosophy—a cult of power, wealth, and risky investments. He claims a new bull cycle will only begin when most players “lose everything.”
Between fear and opportunity
Hayes' optimism and Tate's pessimism symbolize the two extremes of crypto market sentiment. While some see the decline as an opportunity for profitable accumulation, others warn of a new collapse approaching.
Whether the outcome will be a recovery or a continued selloff will largely depend on whether institutional investors and miners can curb the selling and restore confidence in the market.
Previously, BeInCrypto's editorial team compiled a list of the signs of a bear market in one article.
Source: cryptonews.net
