BitMEX CEO Arthur Hayes Expects Bitcoin (BTC) Price to Reach $20,000 Soon

On Tuesday (September 3), Co-Founder and CEO of BitMEX, the world's largest crypto derivatives exchange, came back from his summer holiday and made the bold prediction that the price of one Bitcoin (BTC) would soon reach $20K.

Shortly after his "Tangle in Taipei" with Dr. Nouriel Roubini, seemed to stop have completely stopped tweeting. Then after around 20 days, he sent out this tweet to say that he had gone on holiday and that he would return in September:

Then, a little earlier today, Hayes sent out the following tweet to say that he had returned from his holiday in Peru and that people attending next week's Invest: Asia 2019 conference (September 11-12; held in Singapore) should try to keep Wednesday night free:

What is interesting about this tweet is that Hayes is currently not scheduled to speak at this event, but it is possible that he intends to make an announcement next week that he feels will help the Bitcoin price to go up. 

Oh well, we'll just have to wait and see...

Tim Draper Reveals He Owns Cryptocurrencies Other Than Bitcoin

Michael LaVere
  • American venture capitalist Tim Draper revealed owning more crypto-assets than just bitcoin.
  • Draper expects the value of bitcoin to increase as a result of the Federal Reserve's money-printing tactics. 

American venture capitalist and bitcoin bull Tim Draper claims to own “a lot of other cryptocurrencies” in addition to BTC. 

Speaking in a recent interview with British entrepreneur Rob Moore, Draper claimed that his diversified portfolio in crypto-assets had led to him being “surprisingly up” despite the economic impact of the coronavirus. 

He said, 

You know, when I played Monopoly, I never showed anybody how much money I had so so that you're not gonna get an up or down.

Draper also criticized the U.S. Federal Reserve’s money-printing response to the COVID-19 pandemic, which he said would lead to the dollar crashing in value. He claimed the impact of the falling dollar would drive more value into bitcoin. 

He said, 

There are only 21 million of them and they are going to be more and more valuable as you see governments have less and less.

Draper continued, saying his experience working as a venture capitalist and interviewing entrepreneurs has given him a “pretty good view” of what the future is going to look like. He expects governments to move towards decentralization in a competition for their own citizens. 

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