"Customs Duty Increase, Credit Market Recession, Job Creation Slowdown"
Large-scale Sell-off Last Week... "Predicting ETH at $3,000"
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Hayes predicted through his X account on the 3rd that due to customs duty increase, credit market recession, and job creation slowdown, Bitcoin and Ethereum could respectively plummet to $100,000 and $3,000.
Hayes' prediction is a response to questions about the reason behind his recent sharing of token sell-off details, including approximately $8.32 million worth of Ethereum.
According to on-chain data platform Arkham Intelligence's data on the 4th, Hayes conducted a large-scale cryptocurrency sell-off last week, with his wallet containing approximately $28.3 million in cryptocurrencies, of which about $22.95 million is in stablecoin USDC.
There are also counterarguments to Hayes' prediction. Eric Balchunas, Bloomberg ETF Research Analyst, pointed out that institutional funds are locked in through ETFs, and the era of major cryptocurrencies, including Bitcoin, experiencing double-digit drops is over.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
