BitMEX CEO Hayes Comes Full Circle, Predicts $50,000 Bitcoin Price

The bitcoin price is holding at the $5,100 level, which is drowning out the bearish voices. BitMEX CEO Arthur Hayes isn’t always the biggest bitcoin bull in the room, but he’s coming around. Hayes predicts the bitcoin price could reach at least $50,000 in the next two-to-five years. Clearly, the bitcoin price has had the wind at its back in 2019, which made the crypto community quick to forgive the wrong calls during crypto winter. If that price sounds familiar, it’s because Hayes forecast that was where BTC was headed in last year, which he probably came to regret. Since

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BitMEX CEO Arthur Hayes Predicts $10,000 BTC in 2019

In the most recent issue of the BitMEX newsletter, CEO Arthur Hayes predicts that the $10,000 Bitcoin will return this year. Hayes ties federal reserve inflation rates to the last bull run in Bitcoin, and thinks the Fed’s recent decision to halt interest rate hikes will predicate the next one. Monetary Policy to Play Huge Role in Bitcoin’s Return to $10K He justifies his prediction by saying, in part: But things are a changin’. The Fed couldn’t stomach a 20% correction in the SPX. In the recent Fed minutes, the dot plot now shows now rate increases for the rest

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‘Gravity’s a B*tch’: BitMEX CEO Mocks Crypto Firms for Failure of ‘Poo Poo’ ICOs

The research team at BitMEX exchange has released a report in collaboration with TokenAnalyst which reveals that various ICO teams in 2018 gifted themselves a grand total of $24.2 billion worth of crypto tokens. The abstract of the piece is quick to state that “in reality liquidity was too low for this value to be

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Analyst: 2019 a Year of Accumulation For Bitcoin, Recovery by Year’s End

In the past 24 hours, the crypto market has recovered from $120 to $123 billion as the Bitcoin price avoided a further drop below the $3,600 mark. Ethereum has also been able to rebound relatively quickly from the delay of the Constantinople hard fork, which initially caused a 10 percent drop from $130 to $116.

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Hong Kong Crypto Exchange BitMex Shutting Down Trading Accounts in the US and Quebec

The Hong Kong-based bitcoin futures exchange BitMex, is pulling the plug on trading accounts in the US and in the Canadian province of Quebec amidst growing regulatory restrictions in North America. Although BitMex is one of the most active bitcoin trading platforms in the world with a current turnover of $928 billion, the trading platform

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Bitcoin Surges 5% in Minutes: Can it Lead to Bigger Rallies This Month?

The Bitcoin price has surged by six percent on the day to $4,070, breaking out of the $4,000 mark comfortably for the first time since Christmas Eve. Bitcoin’s strength does not convince many traders of a big short-term bull rally. Could Bitcoin Engage in Bigger Rallies in January? With a 20 percent increase in its

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The First Bitcoin Block Was Mined 10 Years Ago Today

Bitcoin’s Genesis block, which was mined on January 3, 2009, at 18:15:05 UTC, is now 10 years old. The Bitcoin Network Turns 10 The marking of the 10th anniversary of Bitcoin’s block 0 is, however, not to be confused with the Bitcoin whitepaper’s 10th birthday which was commemorated last year on October 31 in remembrance

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Bitcoin Is “Society’s Best Hope for a Private Form of Electronic Money” Says Arthur Hayes

Arthur Hayes, CEO of crypto exchange platform BitMEX, recently said that Bitcoin is society’s best hope for a private form of money. The Seychelles-based BitMEX has risen to become one of the larger crypto trading and exchange platforms in the world. Its CEO, who is known to be bullish on the future of cryptocurrencies, has

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Thanks Satoshi Nakamoto! BitMEX Advertises on Front Page of The Times 10 Years Later

BitMEX has taken an advertisement out on the front page of January 3rd, 2019 edition of The Times thanking Satoshi Nakamoto for Bitcoin, ten years to the day after Satoshi Nakamoto quoted the front page of the same publication in Bitcoin’s first block (#0). Tweeting from their BitMEX Research account, they said: Happy 10th Birthday

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Crypto Miners are Struggling, Can They Survive the Bear Market?

Over the past several months, some of the biggest crypto mining centers and facilities in Europe and Asia have closed amidst lowering cryptocurrency prices and a decline in overall market activity. This week, according to FT, Bladetech, a startup that emerged in March to create the largest Bitcoin mining facility in the U.K. has put its

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