• About
  • Contact Us
Sunday, June 26, 2022
Crypto Currency Financial
  • Home
  • Crypto News
  • CRYPTO CASINOS
    • Cardano Casinos
    • Ethereum Casinos
    • Litecoin Casinos
    • Tron Casinos
  • MARKET UPDATES
    • BTC ANALYSIS
    • ETH ANALYSIS
    • XRP ANALYSIS
  • About Us
  • Contact Us
No Result
View All Result
Crypto Currency Financial
No Result
View All Result
Home Crypto

BTC could hit $20K by the end of 2020: BitMEX CEO Arthur Hayes

Max Steven by Max Steven
March 12, 2020
in Crypto
383 16
0
BTC could hit $20K by the end of 2020: BitMEX CEO Arthur Hayes
549
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

Cryptocurrency News Uncategorized


Share0

bitcoin-price-btc-rate-thecryptoupdate

In a scenario where the world is crippled by the deadly effects of the Coronavirus, Arthur Hayes, CEO, and co-founder of global cryptocurrency exchange BitMEX has taken its stand from a crypto point of view. Arthur is of the opinion that the actions of Central Banks could boost the value of Bitcoin to more than $20K by the end of this year. 

In today’s publication of the ‘BitMEX Crypto Trader Digest, Arthur talked about how Central Banks could turn around the global economy and why enthusiasts should grab as much crypto as possible in the coming months. Arthur said, “They are almost out of bullets. They only have 100bps of room left before rates hit zero. They can obviously take rates negative, but as we have seen with various other central banks it is not very effective. If a twin demand and supply shock affect the global economy, then rate cuts can do nothing to staunch an economic bloodletting. Once they are done, rates will go to zero everywhere.”

There is already a distress call in the market amidst sentiments around the COVID-19. Having said that, Hayes also acknowledged the fact that Bitcoin is not at all shielded from the crisis that the global economy is going through. He remarked that BTC could hit as low as $6K initially, but will eventually rise up to $20K by the end of 2020. 

Bitcoin hit its all-time low of 2020 at $6188 today at press time. According to various price prediction matrices, the crypto market is currently being dominated by “extreme fear”. At this time, Arthur Hayes’ comments have definitely come across as a bright spot. 

 

Share0

Tags: 202020KArthurBitMEXBTCCEOHayeshit
Max Steven

Max Steven

Max has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system.

Related Posts

8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

June 18, 2022
KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators

KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators

June 16, 2022

Coinhub AI quantitative trading leads the new wave of crypto, with user data up over 200% in Q2

June 15, 2022
Award-Winning Projects of the $1,000,000 KCC Unicorn Contest

Award-Winning Projects of the $1,000,000 KCC Unicorn Contest

May 28, 2022
United with the Global Guild to cast the cornerstone of Mars

United with the Global Guild to cast the cornerstone of Mars

May 18, 2022
Coinstore.com Accelerates Globalization Strategy and Launches “Crypto Tour of 50 Countries”

Coinstore.com Accelerates Globalization Strategy and Launches “Crypto Tour of 50 Countries”

May 9, 2022

Trending

Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals
NFT

Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals

2 days ago
8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem
Crypto

8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

1 week ago
KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators
Crypto

KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators

1 week ago
Crypto

Coinhub AI quantitative trading leads the new wave of crypto, with user data up over 200% in Q2

2 weeks ago
Animoca Brands, Leading Blockchain Games Company, Becomes Lead Liberty Gaming Investor
NFT

Animoca Brands, Leading Blockchain Games Company, Becomes Lead Liberty Gaming Investor

2 weeks ago

Recent Post

  • Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals
  • 8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem
  • KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators
  • Coinhub AI quantitative trading leads the new wave of crypto, with user data up over 200% in Q2
  • Animoca Brands, Leading Blockchain Games Company, Becomes Lead Liberty Gaming Investor
  • MemeKong Setting The Standard For Meme Coins
  • JPEX is teaming up with the Western Sydney Wanderers to give away 250 exclusively designed NFT “J-ball”.

Categories

  • AI Trading
  • Axia
  • Bitcoin
  • Blockchain
  • Blockchain News
  • Business
  • Crypto
  • Crypto News
  • Cryptocurrency
  • Cryptonews
  • Cryptos
  • Deepcoin
  • Gaming
  • Guest Post
  • ICO
  • Metaverse
  • News
  • NFT
  • Press Release
  • Technology
  • Tezro
  • Token
  • Trading
  • TRADING GUIDES
  • Wallets

Tags

2020 Announces Betting Bitcoin blockchain Brides cannabis Casino Casinos Colorado Content coronavirus Covid19 crypto Cryptocurrency Currency Deal financial foreign Gambling Games Gaming Group Launch Launches live marijuana market Online Partners Partnership Play pot Pragmatic Red reports revenue Simple Slot Slots Solutions Sports Supply unveils William

About

The cryptocurrencyfinancial publishes regular news, analysis and opinion pieces on the latest developments in this fast-moving space. We offer the latest crypto news, expert pricing analysis and insight on the latest ICO's.

Contact Us: [email protected]

  • About
  • Contact Us

Associated with Blockchain Press Media Network

No Result
View All Result
  • Home
  • Blockchain
  • Crypto
  • News
  • Press Release
  • Price Analysis

Associated with Blockchain Press Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)
    $47,760.000.100% 24H
    BITCOIN
    24H : 0.100%
    Volume : $25,691,746,641.00
    Marketcap : $902,767,395,534.00
  • ethereumEthereum(ETH)
    $3,750.30-0.42% 24H
    ETHEREUM
    24H : -0.42%
    Volume : $15,543,537,817.00
    Marketcap : $446,191,570,291.00
  • binancecoinBinance Coin(BNB)
    $523.71-0.25% 24H
    BINANCE COIN
    24H : -0.25%
    Volume : $1,715,282,504.00
    Marketcap : $88,112,540,019.00
  • tetherTether(USDT)
    $1.0000.050% 24H
    TETHER
    24H : 0.050%
    Volume : $52,703,800,023.00
    Marketcap : $78,519,198,598.00
  • solanaSolana(SOL)
    $175.020.210% 24H
    SOLANA
    24H : 0.210%
    Volume : $1,660,210,957.00
    Marketcap : $54,115,741,275.00