The head of BitMEX, Arthur Hayes: the rate of the air may drop below $100
Another forecast from the head of BitMEX, Arthur Hayes: he believes that the price of air moving in double figures. In Crypto Trader Digest from BitMEX he called the Ethereum “shitkino, the price of which was reinforced by the ICO” — at least from the beginning of 2017. All investments came from venture capitalists, who, according to him, in the end capitulate to the bear market and sell broadcast and tokens ERC20 at any price. He writes:
Venture investor who has never suffered from the vagaries of the market, as green as a noob who thinks he (or she) can get from one bitcoin, a hundred a few days of trading. They do not have the courage to cut positions, to limit the losses, to take a large position and buy the bottom, even if they are broke. More importantly, now we can see the current price objective for a particular token without cheating.
It should be noted that the ether really headed by a “red rating” of outsiders. The second capitalization of cryptocurrency, which many consider to be the main competitor of bitcoin, traded at $250 in the beginning of the week and fell 20% over the past seven days after the return to $292 (according to CoinMarketCap).
We will remind, in July, Hayes suggested that the bitcoin this year may fall to a minimum of $5000, and then will reach $50 000.