BitMEX CEO predicts Ethereum to “rebound aggressively” once ICO returns to form

Still mourning the death of ICO markets? According to BitMEX CEO Arthur Hayes, not all is lost, and their resurgence can be expected within the next 18 months. In an exclusive interview for Cointelegraph Japan, the leader of the Seychelles-based cryptocurrency trading platform predicted an explosive timeline for the industry, culminated with an aggressive rebound from the once-largest altcoin—Ethereum.

Before the return of ICOs, Hayes expects stablecoins and security tokens to catch on. “While their fundamental raison d’etre is flawed, investors in this time of pain will latch onto anything they believe will be their ticket to easy riches,” said Hayes.

Then, once ICOs start gaining momentum, doors will open back up for Ethereum as well. 

“Once there are new issues, then Ether will rebound aggressively,” said Hayes. “When the ICO market returns, Ether will quickly test $200.”

The post BitMEX CEO predicts Ethereum to “rebound aggressively” once ICO returns to form appeared first on The Block.


BitMEX CEO predicts Ethereum to “rebound aggressively” once ICO returns to form written by Carol Gaszcz @ https://www.theblockcrypto.com/tiny/bitmex-ceo-predicts-ethereum-to-rebound-aggressively-once-ico-returns-to-form/ December 31, 2018 Carol Gaszcz

Comments are closed.