BitMEX CEO Predicts Bitcoin Price for 2020

Arthur Hayes, CEO of the BitMEX cryptocurrency exchange, in an interview with Cointelegraph gave a forecast for the Bitcoin  price movement next year.

In his opinion, if inflation continues to increase, the role of the first cryptocurrency as a means of saving will increase. This will lead to an increase in bitcoin to previous highs.

However, the level of $ 20,000 remains an important psychological mark and the coin will not overcome it for a long time, he said.

If the bear market returns, Hayes is confident that Bitcoin will not drop below $ 3,000. According to him, the breakeven point for miners is in the range of $ 3000- $ 4000 and it will serve as a serious level of support.

In September, Hayes said that the Fed's continuation of the quantitative easing policy could lead to an increase in bitcoin to $ 20,000 thousand.