Bitcoin at 50k: That is the prediction sustained by Arthur Hayes, CEO of BitMEX. He maintains his way of thinking despite the recent bearish trend that many have categorized as a “bloodbath.”

For the well-known businessman, owner of the largest crypto trading platform by volume, the idea of reaching a value of 50k is not an exaggerated or impossible prediction. In an interview for CNBC, Hayes explained to Melissa Lee that a 50k price is as normal for Bitcoin as a 6k value:

As it can be noted, Arthur Hayes is at the high end of the predictions; however, his forecasts have a value that other leading analysts support. Of course, a lot of other analyst make predictions from time to time but they don’t get as much media coverage.

Predictions usually have a longer time to come true. Long-term forecasts range from $100 to $1 million.

View the full interview here:

Predictions: Is Bitcoin at 50k a Crazy Idea?

Arthur Hayes’ prediction joins that of other renowned bullish analysts such as Tom Lee who positions Bitcoin at 25K by the end of the year, Mike Novogratz who talks about 40K and Phillip Nunn who thinks the price could reach 60K.

Other notable references, the McAfee Line and the Draper Line place Bitcoin in theoretical figures of approximately 29K and 13k respectively.

Source Ethereumworldnews