CEO BitMEX: Wait for $20,000 Bitcoin, thanks to the Fed.
Bitcoin may rise to $20,000 on the back of emergency measures of the U.S. Federal Reserve, said Arthur Hayes, CEO of the BitMEX crypto-derivative exchange.
"Quantitative easing forever. When the Fed returns to faith, wait for Bitcoin at $20,000," he wrote, commenting on an article by Zero Hedge entitled "The Fed has lost control of rates again.
On Tuesday, the Federal Reserve Board conducted a liquidity operation against the backdrop of a sharp increase in the interbank repo rate, taking this step for the first time since the 2008 crisis. The decision of the Fed to change or maintain the key rate will be announced this Wednesday.
At the same time, Travis Kling, the manager of the cryptographic fund, supports Hayes' opinion and claims that certain characteristics of Bitcoin make it a mechanism of insurance against manifestations of monetary policy of central banks and governments not only in the U.S., but also in Europe.
"This is a very interesting time from a global macro position. Cryptocurrencies seem to have been created for this very time," he told CNN's audience, calling for a distinction to be made between "a non-state, global, decentualized, fixed emission digital storage medium," which he said was Bitcoin, and other digital assets.
According to Kling, "today the world needs more Bitcoin than yesterday, and tomorrow it will need more than today.
"It is becoming clear that central banks are racing against each other to devalue their currencies. What are they devaluing against? Against assets with proven deficits. In this respect, Bitcoin even surpasses gold as the hardest currency in human history," he added.
Publicación Traducida Al Español
Bitcoin puede aumentar a $ 20,000 gracias a las medidas de emergencia de la Reserva Federal de los EE. UU., Dijo Arthur Hayes, CEO del intercambio de criptoderivados de BitMEX.
"Facilitación cuantitativa para siempre. Cuando la Fed vuelva a la fe, espere a Bitcoin a $ 20,000", escribió, comentando un artículo de Zero Hedge titulado "La Fed ha perdido el control de las tasas nuevamente.
El martes, la Junta de la Reserva Federal realizó una operación de liquidez en el contexto de un fuerte aumento en la tasa de repo interbancaria, dando este paso por primera vez desde la crisis de 2008. La decisión de la Fed de cambiar o mantener la tasa clave se anunciará este miércoles.
Al mismo tiempo, Travis Kling, el administrador del fondo criptográfico, respalda la opinión de Hayes y afirma que ciertas características de Bitcoin lo convierten en un mecanismo de seguro contra las manifestaciones de la política monetaria de los bancos centrales y los gobiernos no solo en los EE. UU., Sino también en Europa.
"Este es un momento muy interesante desde una posición macro global. Las criptomonedas parecen haber sido creadas para este mismo momento", dijo a la audiencia de CNN, pidiendo que se haga una distinción entre "una emisión fija no descentralizada, global, descentralizada". medio de almacenamiento digital ", que según él era Bitcoin, y otros activos digitales.
Según Kling, "hoy el mundo necesita más Bitcoin que ayer, y mañana necesitará más que hoy.
"Cada vez está más claro que los bancos centrales están compitiendo entre sí para devaluar sus monedas. ¿Contra qué están devaluando? Contra activos con déficits probados. En este sentido, Bitcoin incluso supera al oro como la moneda más dura en la historia humana", agregó.
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Great post @ivanleon7, this post was submitted into the HoboDAO contest #6 by @hobo.fund.
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