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5 January 2019 08: 30 & nbspUTC
| updated:
5 January 2019 at 08: 30 & nbspUTC
The CEO of BitMEX, Arthur Hayes, wrote a blog post titled "Two sides of the coin: the forked future of money" on January 3, 2019. His blog post referred to Bitcoin and said that although Bitcoin is an experiment, the future of world pioneering cryptocurrency is brilliant.
Hayes leads BitMEX, a well-known cryptographic and derivative exchange platform based in the Seychelles that offers users access to global financial markets through cryptocurrency.
In his blog post, Hayes elaborated the future of money and said that humanity will witness a bifurcated monetary future and that such a future will be better than our monetary monopoly past. Hayes highlighted,
"And I also say this in the face of the various currently coordinating forces: the bifurcated monetary future of humanity will be better than our monopolistic monetary past, as some money becomes cheaper while other money becomes much more private."
While cryptocurrency markets may have seen a proliferation of altcoins such as Ether, Ripple, Litecoin and others, however, Hayes is of the opinion that Bitcoin, the cryptocurrency that kicked off everything in 2009, is, in fact, the best hope for digital money, private.
The CEO pointed out that Bitcoin is highly secure. He supported his opinion by explaining that in the ten years of its existence, cryptocurrency has never been successfully violated.
In his blog post, he also mentioned how he was surprised by Bitcoin as an invention. According to Hayes, Bitcoin brings together individuals from all walks of life together towards a collaborative effort to achieve a common goal.
The opinions of Hayes in his last blog post may indicate a positive sentiment towards Bitcoin, but it is interesting to note that in December 2018 he also said that the price of Bitcoin could see a further downtrend in 2019 due to of continuous volatility.
The managing director of Bitmex also said that the second largest cryptocurrency in the world by market capitalization (at the time of writing), Ethereum, will return to the levels of 200 USD after the ICO market made the his return within eighteen months.
Swati Kishore
Swati has a strong interest in emerging technologies and loves to write them. He loves trance and is also interested in the philosophy of life.
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