A Message from Alexander Höptner, CEO of BitMEX
Uptober continues apace, with a continued rally in crypto markets. As we head deeper into Q4, I reiterated my prediction that we’ll see Bitcoin touch $100,000 before the end of the year in comments I made on CNBC. (I was discussing the happy marriage between crypto companies and sport, as we see many crypto companies partner with high profile clubs. Spoiler alert: expect to see BitMEX and others in the industry striking many more partnerships in the sports space.)
I also outlined my thoughts on El Salvador’s recent adoption of Bitcoin as legal tender, and how I think we’ll comfortably see five countries following suit by the end of 2022, driven by a mix of high inflation; political influence; and scale of in-bound remittances. If a powerhouse emerging economy like Brazil jumps in, as is looking increasingly likely, I think the dominoes will drop as other countries join the crypto believers.
Talking of crypto believers versus non-believers, this is the focus of Arthur’s Crypto Trader Digest published today. He delves into the cult instincts of Lord Satoshi’s faithful to give a vivid account of how crypto markets are evolving. What really strikes me is the pace and scale of innovation that is evident in the crypto trading space today, fuelled by the power of decentralisation. He’s right to contextualise the FUD espoused in an attempt to divert the ‘righteous’ from our path to enlightenment. But on this, loyal Crypto Trader Digest readers, I strongly suspect I’m preaching to the converted. My favourite line? “The promise of true decentralisation and independence from a system of fiat oppression is too great for the downtrodden majority to ignore”.
Have a great weekend everyone.
- Alex (@AlexHoeptner)