Eduard Watson

8 months ago

There have been lots of Bitcoin-related predictions lately, and most of them have been quite optimistic.

Here’s another quite bullish BTC prediction.

BitMEX CEO sees BTC reaching $10k again

The CEO of the biggest crypto derivatives exchange, BitMEX just said that BTC would definitely rally back to $10k by the end of this year.

In a brand new newsletter that has been sent to customers, Arthur Hayes said that it’s time for traders to get excited, as reported by The Daily Hodl.

“Green shoots will begin to appear in early Q4. Free money and collective amnesia are powerful drugs. Also after two years of wage cucking, punters should have a few sheckles to rub together,” the newsletter says.

The newsletter continues and details that “The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. It’s a nice round sexy number. $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000. Melissa Lee peep this. $10,000 is my number, and I’m stickin’ to it.”

Hayes also said that the governments are all gearing up for the very next orgy of money printing which will bring a fresh capital into the markets.

More than that, he expects that a load of money will be entering crypto after the “big money” starts flowing to a series of high profile IPOs.

Bitcoin bullish predictions and work towards improvements

Apart from the bullish forecasts regarding Bitcoin's price this year, there's also another initiative in the works which could improve BTC.

Twitter CEO, Jack Dorsey is one of the huge names who also made a BTC prediction just recently.

Dorsey has revealed the launch of Square Crypto – an initiative via which he is paying people to “make the broader crypto ecosystem better.”

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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