Former CEO and founder of cryptocurrency exchange BitMEX, Arthur Hayes, warned investors that all crypto assets except Bitcoin (BTC) and Ethereum (ETH) could see devastating losses.
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Hayes said that if Bitcoin falls below $30,000 and Ethereum below $2,000 in the coming months, all other crypto assets will fall further;
“I Begin Questioning the Value of Bitcoin and Ethereum”
Hayes also stated that if BTC and ETH experience serious windfalls, he will begin to question the value of the two crypto assets;