Arthur Hayes, CEO of Singapore-based exchange BitMEX and famous cryptocurrency supporter has claimed that bitcoin may continue to face the same level of volatility and the volume could fall further during the next year, according to the interview to Yahoo Finance U.K.
“I’m 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” Arthur Hayes said during interview.
The possible reason for that is crypto market’s current state of affairs, surprisingly seeming more pessimistic than optimistic. Thus, the BitMEX CEO, who formerly worked as a trader at Deutsche Bank and Citi, explained that the current levels of volatility in cryptocurrency markets could continue for another 12 to 18 months.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.