Bitcoin's Vulnerability Temporary, According to Arthur Hayes

In the dynamic world of cryptocurrency, Bitcoin, the leading digital asset, experienced a rollercoaster ride on Monday, January 3, 2022. The short-term realized price of Bitcoin, as mentioned by Markus Thielen of 10x Research, stood at $98,000, but the recovery took place during the Asian trading session, with prices recovering to $101,000 early in the day.

The fall and recovery in Bitcoin's price were due to geopolitical tensions following the US airstrike on Iranian nuclear facilities. However, it's important to note that the optimism and potential opportunities for a rebound in Bitcoin's price are not related to these geopolitical tensions.

Markus Thielen's assessment indicates that there are still opportunities for a rebound in Bitcoin's price, given its current levels above $98,000 and $102,000, which he identified as the trend support for Bitcoin. Bitcoin remains above its short-term realized price of $98,000, offering potential opportunities for a rebound.

Arthur Hayes, co-founder of BitMEX, expressed optimism about Bitcoin's future. He stated that the "weakness shall pass" and that Bitcoin will consolidate its status as a safe-haven asset. His optimism about Bitcoin's future is based on continued money printing by central banks, particularly the Federal Reserve, with Jerome Powell, the central bank governor, supporting the continuation of money printing, potentially contributing to further stabilization of the Bitcoin price.

The Asian trading session refers to the trading session in countries such as Japan, China, and Australia. The decline in Bitcoin's price was short-lived, with prices briefly falling below $100,000 but quickly recovering. Arthur Hayes' optimism suggests that Bitcoin is expected to maintain or strengthen its position as a safe-haven asset.

In conclusion, while Bitcoin's price experienced a brief dip due to geopolitical tensions, experts remain optimistic about its future. With Bitcoin currently above its trend support and central banks continuing to print money, opportunities for a rebound in Bitcoin's price remain.