Head of BitMEX: “the price of Bitcoin will reach $ 10,000 this year”

The head of the major cryptocurrency exchange BitMEX Arthur Hayes believes that the "cryptocurrency winter" is over and the course of Bitcoin this year will reach $ 10,000.

Hayes expressed the opinion that the recovery of the cryptocurrency market will start at the beginning of the fourth quarter of this year. However, he believes that the market will be quite difficult to go beyond the already formed side channel.

"The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. It's a nice round sexy number. $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000," 

the head of BitMEX said.

Note that in May last year, Hayes said that in December 2018, the Bitcoin rate would overcome the $ 50,000 mark. Later, he expressed confidence that the cryptocurrency should become a new asset class within 10 years, and the rate of the ETHEREUM will grow to $ 200 only under the condition of the new ICO boom. 

SOURCE

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