Altcoin News: BitMEX CEO: Libra Will Destroy Commercial and Central Banks

July 2, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

BitMEX CEO Arthur Hayes shared his thoughts on the behavior of the Bitcoin market and other related issues at the Asian Blockchain Summit held in Taipei these days.

So, Hayes responded to the statements of the American economist Nouriel Roubini that the cryptocurrency market is practically devoid of real activity, and the data on trading volumes is massively falsified. According to the CEO of BitMEX, these observations are refuted by the indicators of his own exchange, where within 24 hours the maximum trading volume of about $60 billion was recorded, and over the past year, the value was more than $1 trillion.

Hayes believes that the recent rise in the price of Bitcoin is associated with the return of investors, especially institutional ones, to the cryptocurrency market “as the consolidated balance sheet improves.”

“Bitcoin will either fall to zero, or it will cost a large amount in a decade,” he said.

BitMEX CEO also announced the launch of the first bitcoin-bond with zero coupon income, which will allow market participants to earn on investments in the most stable cryptocurrency companies.

Commenting on the recent announcement of Facebook cryptocurrency, Hayes said:

“I think it will destroy commercial and central banks.”

Author: Marko Vidrih