2 Big Names Warn: These Altcoins Will Take the Worst Hit!

Former BitMEX CEO Arthur Hayes and MAI Capital strategist Chris Grisant shared their thoughts on the 2022 outlook for the altcoin market. Experts expect a sharp pullback across the market, but Bitcoin or Ethereum won’t be hit the hardest. As Kriptokoin.com , we convey the assessments of experts…

Arthur Hayes shared that he expects a 90% collapse

Former BitMEX CEO Arthur Hayes, altcoin projects predicted that it could drop 90% from where they are currently trading. Hayes also suspects that “diamond hands” could save Bitcoin from a “catastrophic fall”. He argues that institutional investors will not hesitate to leave their positions due to changing market conditions. However, he believes that the two leading cryptocurrencies, Bitcoin and Ethereum, will drop much less compared to the alternatives:

In a time frame of three to six months, Bitcoin can trade below $30,000 and Ether below $2,000. if i believe i will trash all my sh*tcoins… These coins can go from 75% to 90% at a real crypto risk.

Hayes also draws attention to the positive correlation between the growth of the Fed’s balance sheet and the Bitcoin price. The “printing money” narrative is no longer valid, according to the crypto expert, now that the central bank has persistently turned down the bond purchase:

If M2 is adjusted to reach 0% in a short time, and possibly even negative, the natural consequence is that Bitcoin ( number of users processed over the network) will likely be much lower.

Chris Grisanti: Altcoin projects will be hit hardest

Another expert whose analysis we’ll take a look at is MAI Capital strategist Chris Grisanti, 2022 is likely to be a tougher year for crypto. guesses. Grisanti thinks that the new asset class will likely step up the regulatory game of various countries around the world, claiming that it will be the victim of its own success. According to the analyst, market giants Bitcoin and Ethereum could withstand a possible regulatory attack, but altcoin projects will be hit hardest. Grisanti says Bitcoin will really benefit from regulation as institutions grow more comfortable with the idea of ​​adding “digital gold” to their portfolios.