RATE Group | BitMEX CEO Affirms Bear Call, Says BTC May Fall to $2,000
47681
post-template-default,single,single-post,postid-47681,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

BitMEX CEO Affirms Bear Call, Says BTC May Fall to $2,000

02 Nov BitMEX CEO Affirms Bear Call, Says BTC May Fall to $2,000

Posted at 18:32h in Bitcoin News by

[ad_1]


bitcoin bears bitmex ceo arthur hayes



What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent.

CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the “nuclear bear market” the crypto industry experienced in 2014 and 2015. Writing in Friday’s edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook.

While chart-watchers often treat bear markets as beginning as soon as an asset dips below its cyclical peak, Hayes said that a better strategy may be to mark the beginning of the bear market as the date at which…

[ad_2]

Source link

Tags:
, , , , , , ,