The co-founder of the crypto exchange platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will continue to fall in price in the wake of this week’s Terra (LUNA) collapse.

In a new blog post, Arthur Hayes says he’s gearing up to accumulate both crypto assets as he anticipates a drop to major cyclical lows.

According to Hayes, he’ll be a buyer of BTC at $20,000 and ETH at $1,300.

“These levels roughly correspond to the all-time highs of each asset during the 2017/18 bull market.”

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