The market took a hit on Sunday as Bitcoin momentarily dipped below the $100k support level, causing a stir among traders and investors. However, amid the market jitters, industry experts like Arthur Hayes reaffirmed their optimism about Bitcoin’s prospects.
In a recent tweet, the co-founder of the Seychelles-based cryptocurrency exchange BitMEX emphasized that, despite Bitcoin’s recent dip below the $100,000 mark, he believes the current weakness in Bitcoin’s price is temporary and that the crypto asset will bounce back stronger than ever.
Do you hear that? … it’s the sound of the money printers revving up to do their patriotic duty. This weakness shall pass and $BTC will leave no doubt as to its safe haven status. pic.twitter.com/PTfZaAXFp7
— Arthur Hayes (@CryptoHayes) June 22, 2025
Bitcoin Slips Below $100k
On Sunday, the cryptocurrency market experienced a significant price correction after the news of the U.S. airstrikes on Iranian nuclear facilities, particularly the Strait of Hormuz, a critical oil trade route.
The news triggered the industry. The crypto market as a whole saw liquidations of over $1 billion while Bitcoin fell to around $99,000, its lowest record since May. Meanwhile, altcoins like Ethereum and Solana declined, with SOL experiencing an 8% drop.
Arthur Hayes Expects a Strong Rebound
Hayes’ tweet implied that Bitcoin would not remain below $100k for a long time. As expected, his bullish stance proved accurate, as Bitcoin’s price rebounded above $100k, validating Hayes’ confidence in the cryptocurrency’s resilience.
Data from CoinMarketCap showed a notable price jump, with Bitcoin’s value increasing by $4,000 over a few hours. The crypto asset has increased from $98,000 to its current value of $102,000 as of the time of reporting.
Hayes, a well-known advocate for Bitcoin, has consistently expressed his bullish views on the cryptocurrency. In January, the co-founder of BitMEX predicted that BTC would reach a new all-time high of $250,000 before the end of 2025.
In April, Hayes also cautioned investors that buying Bitcoin below $100k might be a rare opportunity, predicting the asset would surge to new heights.
Hayes attributed his prediction to the U.S. Treasury’s buybacks (the “BBC Bazooka”), which had already marked the cycle low at around $74,500. Therefore, any purchase below $100,000 would be a relatively low price compared to the expected future growth.
