The CEO of cryptocurrency exchange BitMEX, Arthur Hayes is convinced that bitcoin price could reach $50,000 by the end of 2018, but stressed that the figure itself is of little interest to him.

BitMex CEO @CryptoHayes explains why bitcoin could hit $50,000 $BTC

— CNBC”s Fast Money (@CNBCFastMoney) on may 14, 2018.

“If the price is rising or falling if bill gates calls bitcoin a fraud… you can open shorts, please. I don’t care. If you think that the price will reach $1 million in a few months, buy. Me is also not worried. We simply provide the possibility of trading”, — said Hayes, a former trader at Citigroup.

He added that the cryptocurrency industry is a “retail phenomenon”, as the involvement of institutional investors in the sector is extremely weak.

Moreover, in his opinion, two-thirds of trading on the cryptocurrency market in the Asian region.

Recall that in the analytical Agency Fundstrat appreciated the dynamics of growth Hasrat in the network of bitcoin and came to the conclusion that the price of the first cryptocurrency to reach $36 000 by the end of 2019.