BitMEX CEO: Wait for Bitcoin at $ 20,000, thanks to the FRSBitcoin may rise to $ 20,000 amid emergency measures by the US Federal Reserve, says Arthur Hayes, CEO of BitMEX crypto-derivatives exchange.

BitMEX CEO: Wait $ 20,000 for Bitcoin, thanks to the Fed

Bitcoin may rise to $ 20,000 amid emergency measures by the US Federal Reserve, says Arthur Hayes, CEO of BitMEX crypto-derivatives exchange.

«Quantitative easing forever. When the Fed is Converting Again, Expect Bitcoin at $ 20,000», – he wrote, commenting on an article by the Zero Hedge portal under the heading «Fed lost control over rates again».

The Fed launched a liquidity operation on Tuesday amid a sharp rise in the interbank repo rate, the first time since the 2008 crisis. The Fed's decision to change or maintain the key rate will be announced this Wednesday.

 

 

 

At the same time, crypto fund manager Travis Kling supports Hayes's opinion and claims that certain characteristics of bitcoin make it a mechanism of insurance against manifestations of monetary policy of central banks and governments, not only in the United States, but also in Europe..

«Now is a very interesting time from the global macro position. It looks like cryptocurrencies were created for just such a time.», – he told CNN's audience, calling for «non-governmental, global, decentralized digital storehouse with fixed emission», which, according to him, is bitcoin, and other digital assets.

According to Kling, «today the world needs bitcoin more than yesterday, and tomorrow it will need more than today».

«It is becoming apparent that central banks are racing to devalue their currencies. What are they depreciating against? Against assets with demonstrable scarcity. In this regard, Bitcoin surpasses even gold, being the hardest currency in the history of mankind.», – he added.

 

 

 

 

Hayes made a similar prediction earlier this month..

 

 

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