Altcoin News: BitMEX CEO: “the Price of Bitcoin Will Reach $10,000 This Year”

March 23, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The head of the major cryptocurrency exchange BitMEX Arthur Hayes believes that the “cryptocurrency winter” is over and the course of Bitcoin will reach $10,000 this year.

Hayes expressed the opinion that the recovery of the cryptocurrency market will begin at the beginning of the fourth quarter of this year. However, he believes that the market will be quite difficult to go beyond the already formed side channel.

“All is not lost; nothing goes up or down in a straight line. 2019 will be boring, but green shoots will appear towards year-end.”

“The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. It’s a nice round sexy number. $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000. Melissa Lee peep this. $10,000 is my number, and I’m stickin’ to it,” the CEO of BitMEX said.

Note that in May last year, Hayes said that in December 2018, the Bitcoin rate would overcome the $50,000 mark. Later, he expressed confidence that the cryptocurrency should become a new asset class within 10 years, and the rate of the ether will grow to $200.

Author: Marko Vidrih