Bitcoin will reach $50,000 by end of year, says founder of bitcoin exchange - mlm LEADER

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Bitcoin will reach $50,000 by end of year, says founder of bitcoin exchange

BitMEX Co-founder Arthur Hayes remains bullish on bitcoin despite the recent declines below $6,000.
He says cryptocurrencies, which are known to be volatile, have moved in price before.
Bitcoin will be priced around $50,000 by the end of the year, Hayes predicts.


Despite the recent bloodbath in cryptocurrencies, Bitcoin bull Arthur Hayes said the popular digital coin will reach $50,000 by the end of the year.

Bitcoin's price has been on a wild roller coaster with investors, but "something that goes up to [around] $20,000 in one year can have a correction," Hayes, the co-founder and CEO of BitMEX, said on "Fast Money" Friday. BitMEX, or Bitcoin Mercantile Exchange, is the largest cryptocurrency trading platform by volume.

"We could definitely find a bottom in the $3,000 to $5,000 range," he said. "But we’re one positive regulatory decision away, many an ETF approved by the SEC, to climbing through $20,000 and even to $50,000 by the end of the year." ..Read More

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