Lofty $50K Bitcoin Calls, The Fed Likes Blockchain
“We think blockchain technology is very interesting and of course there has been a lot of new issuance of cryptocurrencies, so we are keeping an eye on that. So we want to be very engaged and thoughtful as this proceeds”
“Wall Street has finally discovered crypto and I think there’s a tidal wave of capital that’s about to flow into this asset class.”
HSBC made it’s first financial trade transaction using blockchain, which involved a shipment of soybeans from Argentina to Malaysia. The transaction was from HSBC to ING.
Arthur Hayes, a former Wall Street trader turned Bitcoin believer, is now the co-founder and CEO of Bitmex. He is on record calling for $50,000 Bitcoin by the end of 2018.