Bitcoin Watch – BitMEX CEO and Co-founder predicts Bitcoin to reach USD50,000 by year end

CEO and Co-founder of the world’s largest Bitcoin trading platform by volume, BitMEX has predicted Bitcoin will reach USD50,000 by the end of 2018. In an interview with CNBC, Arthur Hayes described the cryptocurrency market to be highly volatile and exchange platforms largely trade in liquid. He confirmed: “There is not much of institutional presence in crypto, as of now it’s more of a retailer phenomenon. We hold bitcoin a large amount of it, we are secure but the risk is there in any business. Most traders don’t use 100 percent leverage, as there is a limited liability but there is.”

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