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Bitcoin $50,000 By Year End Says Arthur Hayes, Bitmex CEO | St Louis Fed Says Crypto Is Here to Stay

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Lofty $50K Bitcoin Calls, The Fed Likes Blockchain

During the N.Y. Consensus blockchain conference St. Louis Fed President, James Bullard spoke and did not bash Bitcoin, acknowledging that digital currencies are here to stay. He went on to say,

“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”

Another attendee of the conference, Barry Silbert, CEO of Digital Currency Group went on to say,

“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.

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