Bitcoin Watch – BitMEX CEO still expects Bitcoin to rise to USD50,000 by the end of 2018

BitMEX CEO Arthur Hayes believes that Bitcoin could achieve a value of USD50,000 by the end of 2018. In a recent interview with CNBC, Mr Hayes explained that "as a highly volatile and young asset, Bitcoin can go up and down 50 to 200% on a yearly basis. While the bottom of Bitcoin in the 2018 correction could be in the range of USD3,000 to USD5,000, the market is one regulatory decision away from gaining serious momentum."

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