BitMEX’s CEO, Arthur Hayes, participated in the live broadcast of CNBC and repeated his prediction that Bitcoin will reach $ 50 thousand by the end of the year. He was famous for his talent. He moved to Hong Kong shortly after graduating and became a senior ‘trader’ at Citigroup and Deutsche Bank.
Answering Melissa Lee’s questions on CNBC’s Fast Money program, Hayes openly expressed her optimism about the future value of Bitcoin.
When asked if his forecast had changed since January, when it fell, he replied, “Oh no.. It’s my job to guess. Right or wrong, it doesn’t matter to me.” He said he still believes it will reach $50,000 by the end of 2018.
Hayes first made this prediction in early December, when Bitcoin had not yet hit the $20,000 level.. Hayes said that day, “I think high volatility reflects positively on Bitcoin.. Because more news is produced and this news attracts more people to this field.. Bitcoin is actually a speculative asset. Anyone who claims it’s not risky to invest in Bitcoin is fooling themselves. We’re talking about an asset that went from nothing to over $200 billion in less than 10 years.. I advise anyone investing in Bitcoin not to invest more money than they can afford to lose.. Any asset class with volatility greater than 10 to 20 percent per day should be traded. I think Bitcoin will reach $50,000 in 2018.”
Meanwhile, Hayes caught the attention of the world’s largest cryptocurrency and blockchain event Consensus 2018, which started on Monday, with an orange Lamborghini Huracan.
Did you see my ride today at #Consensus2018 ? pic.twitter.com/qGznsNMgWo
— Arthur Hayes (@CryptoHayes) May 14, 2018