Will BTC Drop to $40K?

China's top Bitcoin miner, Jiang Zhuoer, expects BTC to bottom between $42,000–$44,000 by late October 2026, closely echoing Arthur Hayes' own call for a $40,000 floor within six months.
Bitcoin is currently trading around $61,345, down 2.3% in 24 hours. 

That means:

- Jiang Zhuoer's range implies roughly a 30% drop from here 
- Hayes' floor implies a steeper 35% drop

Jiang Zhuoer, founder of mining pool BTC.TOP bases its call on 
Strategy's mNAV ratio (currently 0.72), which fell to a similar level just before Bitcoin's 2022 bottom near $15,650. He's already short and plans to buy back near the low.

Hayes, meanwhile, treats his $40K call as a tactical hedge; he's still long-term bullish, with a year-end target above $200,000.

Bottom line: Two well-known crypto voices, arriving from different methods, are pointing to a similar bottom zone for BTC later this year.

Not financial advice. DYOR before investing.