A Resurgence on the Horizon: Arthur Hayes Foresees Bitcoin Bull Run

In the monthly issue of the digest on the cryptocurrency market, Bloomberg analyst Mike McGlone said that within 5 years the Bitcoin rate could exceed $ 100,000.

The well-known cryptocurrency skeptic Nouriel Roubini ("Dr.DOOM") said that cryptocurrency exchanges "are directly involved in criminal activity," especially he singled out the BitMEX platform.

In his report, Nouriel Roubini emphasized that it was a fraud to offer users a trade with a leverage of up to 100, collect high commissions and "drain funds from users into a kind of "liquidation fund".

According to the BitMEX cryptocurrency exchange study, investment in the ICO industry decreased by 97% compared with the previous year, and reached only $ 40 million in the first quarter of 2019.

According to the study, in the first quarter of 2019, the ICO market volume showed a decline of 97%, compared to the same period of 2018. According to the report, the top 10 ICO projects in terms of capital attracted in 2018 included EOS, Telegram, Dfinity, Bankera, t0, Basis, Orbs PumaPay, Jet8 and Unikoin Gold.

The head of the largest Bitcoin derivatives trading platform BitMEX Arthur Hayes expressed the opinion that the "bearish" trend in the cryptocurrency market may last another 18 months.

"My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness. I am just basing it off my previous experience. I started in bitcoin in 2013, when the price went from $250 to $1,300. And then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money," he said.

British media reported that 34-year-old Ben Delo, co-founder of the Bitmex crypto-exchange, became the youngest British billionaire who succeeded on his own.

According to The Sunday Times article, in the final issue of Ben Dong College, according to the results of the vote, he was recognized as a student with the greatest chance of becoming a millionaire. In addition, within the same vote, he took second place among the most likely candidates for imprisonment based on his performance.