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Once again BitMEX CEO predicts the future growth of Bitcoin {BTC}; new ATH deemed possible

Bitcoin

Just a short while back, Arthur Hayes had declared that BTC would soon soar towards $20k via a tweet. He recently attended the Asia Summit held in the Milken Institute in Singapore. Based on his analysis, one can infer that Arthur holds the opinion of cryptocurrencies impacting a price surge or a drop in the traditional stock market.

He stated, “everything will be digital in the next 10 years…” and considers Bitcoin to be an incredibly valuable asset. Back in July, at the Asia Blockchain Summit, Arthur Hayes and Nouriel Roubini got into a heated argument on stage regarding the validity and genuineness of cryptocurrencies. Roubini thinks that this vibrant industry is littered with “snake-oil salesmen”, whereas Hayes held a pretty optimistic view concerning the crypto-market’s performance.

Bitcoin is ranked to the north of XRP and Ethereum according to the data present on coinmarketcap. The price grew at a rate of 0.48% in the course of the past 24-hours. The trading volume recorded stands at roughly $12.748 billion, while the supply has 17,952,150 BTC coins involved in circulation. As of this instant, the total market cap of the king coin is $179.647 billion. BTC is priced at $10,007.04 for now.

While a dip towards $9k seems likely, the Bakkt launch may play a key role during this week.

Let’s hope Arthur can effectively fight against the legal troubles brought in by the authorities.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.