Bitcoin price and trading volume may continue to fall about a year and a half. This opinion in an interview with Yahoo Finance was expressed by Arthur Hayes, head of platform cryptocurrency derivatives trade BitMEX.
“In my opinion, the existing trend will continue 12 to 18 months, said Hayes. — I rely on my experience. I started working with bitcoin in 2013, when the price soared from $ 215 to 1300, and then in 2014-2015, all smashed up. The price has fallen, volume has fallen off, it was hard to earn”.
He added that trading volumes may be even less than now.
While the head of BitMEX sees bearish sentiment in the market, other representatives of the industry is more optimistic.
“The market is now blowing off steam. I guess now is the recovery, but in the long term will be growth in the use of bitcoin and similar technologies,” said will Warren, co-founder of 0x decentralized crypto currency exchange.
The head of the project Hacera Jonathan levy agree with this position. According to him, bitcoin is undoubtedly cheaper, but he, and the underlying technology is used increasingly.
“Many European banks are actively investing in the blockchain, and this is directly related to bitcoin”, — said levy.
Despite the decline in trading volume and volatility, on a daily basis BitMEX contracts in excess of $1 billion Earlier this year in one day, the value of the contracts on the platform exceeded 8.5 billion dollars.
We will remind, in the opinion of the founder of bitcoin startup Xapo wences of Casares, bitcoin can take years to achieve success, and guarantees that it will happen, no one can give.