Saturday, November 3, 2018

ButtMEX CEO Doubles Down on Bear Call, Says BTC Could Fall to $2,000

http://www.thecoinrepublic.com/bitmex-ceo-doubles-down-on-bear-call-says-btc-could-fall-to-2000/

“How low can we go?” he asked. “A 75% fall from $9,152 takes us close to $2,000. $2,000 to $3,000 is my new sweet spot but don’t tell Michelle Lee just yet.”

What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent.

https://i.redd.it/uvff6l2yp5w11.png


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