Chapter cryptocurrency exchange BitMEX, Arthur Hayes said that by the end of this year bitcoin price will reach $50 000. Speaking in the program of CNBC’s Fast Money, a former senior Executive at Citigroup and Deutsche Bank also commented on the volatility of cryptocurrencies and cryptocurrency dominating the market of retail traders from Asia.
Commenting on its Outlook, Hayes said:
My job is to make predictions. Will come true or not, I don’t care.
This year, the head of Fundstrat Tom Lee has repeatedly predicted that by mid-year the price of bitcoin will rise to $20 000, and by the end will reach $25 000.
Hong Kong stock exchange BitMEX is actively trading in Northern Asia. The exchange has set a record for the number of bitcoins traded per day on its site: their number reaches 140. BitMEX offers swaps and futures on bitcoin and futures on the Ripple, litecoin, Cash, Bitcoin and Ethereum. Moreover, the platform allows you to trade with a leverage of 1:100. According to Hayes, it’s more of the nominal option, which traders use rarely, mostly in test mode. He added:
BitMEX for traders can lose only what they invest.
Hayes also spoke about the leading role played by cryptocurrency on the market the Asian retail traders. According to him, this is due to a long tradition of trade digital assets in Asia. Asians dominate the sector, as very well acquainted with it. For example, in South Korea trade of digital products for gamers has been going for 20 years.
Hayes is one of the participants of the new York conference of Consensus 2018.