Bitcoin Price Prediction: Arthur Hayes Stops Shorting BTC, Sees $70K ATH This Year As Joe Biden Posts Laser Eyes Meme After Super Bowl And Experts Say This BTC Derivative Is Primed To Explode
The Bitcoin price traded at $47.9K as of 8:30 a.m. EST after surging 10.3% in the past week amid bullish sentiment that’s been boosted in recent days by the start of the Chinese New Year of the Dragon. The surge has prompted BitMEX founder Arthur Hayes to eat humble pie after he said earlier that he was shorting BTC in expectation it would slump as low as $35k before rallying again. Now Hayes says he’s no longer short the king of cryptos and expects Bitcoin to hit a new all-time high of $70k by the end of the year. Meanwhile, US President Joe Biden also made headlines after sharing a photo of himself with laser eyes on his X (formerly Twitter) account. Because it was Bitcoin bulls who started using such glowing eyes, it appeared at first that Biden had turned into a Bitcoin ambassador. In fact, the tweet was an obscure reference to the Kansas City Chiefs’ victory against the San Francisco 49ers in the 2024 Super Bowl. Just like we drew it up. pic.tw...