BitMEX CEO Arthur Hayes Says Traders Could Lose Weekends, Lunch Breaks
Cointelegraph By Joeri Cant's original article for cointelegraph.com reduced by 48%
BitMEX CEO and co-founder Arthur Hayes says traditional traders may lose their lunch breaks and weekends as digital finance is going to change everything, including workplaces. Cryptocurrencies trade 24 hours a day, seven days a week. In a Sept.
19 article by Bloomberg, Hayes noted that cryptocurrencies trade 24 hours a day, seven days a week, and that this will end up affecting "Everything from traditional equities, bonds and currency trading, to the way payments are processed and recorded." "Some of the practices in our market are going to be mimicked in traditional trading All these things about being somewhere and trading something and physically reconciling records is all going to go out the window. Once you get away from that and understand that everything will be digital in the next 10 years, you realize that Bitcoin isn't such a strange idea." "Get Ready for Bitcoin $20K"On Sept. 18, Hayes predicted that Bitcoin could soon shoot to $20,000 as a result of emergency measures from the United States Federal Reserve.
Hayes comments came right after the Federal reserve swooped in to decrease interest rates on some loans which reached more than 10%, or four times its target. "QE4eva is coming. Once the Fed gets religion again, get ready for #bitcoin $20,000," Hayes tweeted.
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Summarised crypto news.