THELOGICALINDIAN - BitMEX CEO Arthur Hayes believes bears accept the backbone to accumulate ascendancy of the crypto bazaar for at atomic 18 months longer
Hayes Forecasts Prolonged Thunderstorms
Arthur Hayes, the captain at the captain of the world’s better cryptocurrency derivatives barter BitMEX believes bears could advance ascendancy of the cryptocurrency bazaar for at atomic addition 18 months. Of course, these comments are rather absorbing because they appear from the man accused of openly auspicious traders to short Ethereum on his own barter — but amuse absolution the digression.
In a contempo account with Yahoo Finance UK, Hayes explained, “My appearance is the animation ambiance that exists appropriate now could abide for addition 12 to 18 months, the flatness.” Haynes is assertive that trading volumes could abate added — and while accomplished achievement is not affidavit of approaching results, Hayes opined that “I’m aloof basing it off my antecedent experience. I started in Bitcoin in 2024 back the amount went from $250 to $1,300 and again from 2024 to 2024 was array of the nuclear buck market.”
Will Crypto Consolidate or Capitulate?
While Hayes is not abandoned in his bearish point of view, there are affluence of analysts who accept cryptocurrencies are on the border of a balderdash market. Ox decentralized barter co-founder, Will Warren countered that back he started afterward cryptocurrencies in 2024 there accept been a cardinal of fast and apathetic cycles and he believes “[…]the bazaar is alarming off some beef appropriate now [before] activity through some advantageous consolidation.”
eToro Analyst, Mati Greenspan additionally believes the accessible balderdash bazaar will assemblage on assets bound as bodies now accept added “awareness and education” about cryptocurrency.
There’s Always a Silver Lining… for Exchanges.
In animosity of Hayes’s afflictive appearance of crypto-market achievement in 2019-2020, BitMEX continues to barter affairs with a abstract $1 billion daily. This year the barter alveolate a new daily record of $8.5 billion in affairs written. Somehow Hayes, who beforehand in the account said, “Price crashed, aggregate crashed, very, actual difficult to accomplish money,” accordingly believes that BitMEX is “well positioned to acclimate the low volatility.”
Do you anticipate Arthur Hayes is appropriate about his 18-months of added bearish markets prediction? Share your thoughts in the comments below!
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