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[Arthur Hayes: Bitcoin May Drop to $80,000–$85,000, Then Rise to $200,000–$250,000 by Year-End] On November 18, BitMEX co-founder Arthur Hayes stated in his blog post 'Snow Forecast' that Bitcoin might drop from $125,000 to around $90,000, and then further decline to $80,000–$85,000. He believes that if the stock market corrects by 10%–20% and the 10-year U.S. Treasury yield approaches 5%, the Federal Reserve or the Treasury Department might introduce a money-printing plan. Against this backdrop, Bitcoin could rise to $200,000–$250,000 by the end of the year.