Arthur Hayes, former CEO of crypto exchange BitMEX, said in his last essay By early Friday, Bitcoin had likely bottomed at this week's lows of $56,000, but warned investors to expect a gradual rise rather than a quick recovery to March highs as markets cool over the next few years. months. “Bitcoin hit a local low? […] “Earlier this week,” Hayes asked. “Yes,” she concluded. “I expect prices to bottom out, decline, and slowly start to rise.”