BitMEX CEO: Crypto Could Become a Legit Asset Class in the Next Decade

Arthur Hayes — Distributed 2018 / YouTube
Voyager
Voyager

Arthur Hayes, the CEO of leveraged crypto exchange BitMEX, believes that Bitcoin (BTC) and other cryptocurrencies could become a legitimate asset class within the next decade.

Hayes shared his insights during a recent interview with Laura Shin on the popular Unchained crypto podcast earlier this week. Ultimately, Hayes seems to be fairly skeptical of the digital asset class, emphasizing that its still extremely small but carries great potential, especially as a method of capital raising and sending funds globally.

“Could it become a bona fid–Ķ asset class in the next ten years? Maybe. Still, jury’s out on whether or not Bitcoin is actually secure in the long run […] It’s still an experiment,” Hayes said.

Back in November, when Bitcoin was trading above $6,300, BitMEX published a report where Hayes personally stated that¬†Bitcoin‚Äôs mass adoption is directly tied to its volatility, calling it the “gateway drug” into the ecosystem.

In that report, Hayes gave a short-term price target of between $2,000 and $3,000, which was almost hit earlier this week.

More: How Crypto and Blockchain Technology Could Change Financial Services РEp.97

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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