Bitcoin To Hit $50,000 By Year-End Claims BitMEX CEO
CNBC's Seema Mody reports on the world's largest bitcoin conference and Arthur Hayes, BitMEX CEO, discusses his outlook for the cryptocurrency.
Included in the discussion are CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami.
A Wharton School of Business graduate, Hayes is based out of Hong Kong.
He believes the Asian market is much better situated to adapt bitcoin and other cryptocurrencies, and this can only help to propel the growth of these digital currencies over the long haul.
“Asia dominates cryptos because they’re very used to trading digital assets. South Korea has been trading digital goods related to gaming for two decades. When you move to a purely money based digital currency they understand that culturally, so they get on board quickly.”
