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

The post BitMEX CEO Arthur Hayes Predicts $10,000 BTC in 2019 appeared first on CCN