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BitMEX Founder Predicts Bitcoin Might Fall to $10,000 if Genesis Declares Bankruptcy

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Arthur Hayes, the co-founder of the BitMEX exchange, tweeted a screenshot of a Bloomberg article regarding the Genesis Bankruptcy. According to the tweet, Bitcoin might fall to $10,000 if Genesis declares bankruptcy.

The community has called him out on many occasions and because he acquired Bitcoin put options, some people believe him to be super bearish; in order to spread fear in the market, leveraging his social status in the crypto industry.

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