According to online reports, BitMEX co-founder Arthur Hayes issued a post saying,"The plan is as follows: Be patient and don't rush. Bitcoin may bottom out at around $70,000, and a 36% decline from its all-time high of $110,000 is a normal bull market correction. Then we need to see stocks, especially the SPX (S & P 500) and NDX (Nasdaq 100), fall sharply. Then, the "white people" in traditional financial markets will get into trouble. Subsequently, the Federal Reserve, the Central Bank of China (PBOC), the European Central Bank (ECB) and the Bank of Japan (BOJ) will adopt easing policies in an attempt to recover their economies. At this time, you can go all out. Traders will try to buy on a decline, and if you are more risk-averse, wait until the central bank starts easing before investing more money. You may not be able to accurately bargain-hunting, but you won't suffer from long sideways movements and potential unrealized losses."