Published On: Tue, May 15th, 2018

Bitcoin Price Will See $50,000 By End of 2018, Says BitMEX CEO

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Arthur Hayes, the CEO of BitMEX, predicts that bitcoin will reach the $50,000 mark by the end of this year. Appearing on CNBC’s Fast Money, the former Citigroup and Deutsche Bank executive also spoke on volatility and the dominance of Asian retail traders in the crypto market.
Bitcoin at $50,000
When asked to give a bitcoin price prediction, Hayes said it could reach $50,000 before the end of 2018. Bitcoin and the cryptocurrency market has endured a difficult start to 2018 with bitcoin, in particular, dropping to below $6,000 in February after having almost broken the $20,000 ceiling in mid-December 2017. Commenting on the seriousness of his prediction, Hayes said:
It’s my job to make predictions. Whether they’re right or wrong, it doesn’t matter to me.

Tom Lee of Fundstrat has on many occasions this year predicted that bitcoin will be $20,000 by the middle of the year and will round up 2018 trading at $25,000.
BitMEX: Highest Bitcoin Trading by Volume
BitMEX is based in Hong Kong and has a large trading base in North Asia. The platform also holds the record for the most number of bitcoins traded in a 24-hour trading period at 140 BTC. BitMEX offers bitcoin futures and swaps …

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