BitMEX CEO Predicts Bitcoin Price for 2020

in #crypto • 5 years ago (edited)

Arthur Hayes, CEO of the BitMEX cryptocurrency exchange, in an interview with Cointelegraph Japan, gave a forecast for the Bitcoin price movement next year.


In his opinion, if inflation continues to grow, the role of the first cryptocurrency as a means of saving will increase. This will lead to an increase in bitcoin to previous highs.


However, the level of $ 20,000 remains an important psychological mark and the coin will not overcome it for a long time, he said.


If the bear market returns, Hayes is confident that Bitcoin will not drop below $ 3,000. According to him, the breakeven point for miners is in the range of $ 3000- $ 4000 and it will serve as a serious level of support.


In September, Hayes said that the continuation of the Fed’s policy of quantitative easing could lead to an increase in bitcoin to $ 20,000 thousand.

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5 years ago in #crypto by
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