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A Message from Alexander Höptner, CEO of BitMEX


As we rattle towards the end of the month, the big question in crypto markets is will Uptober live up to its name after the sell-off this week? As always in digital markets, we need to keep a long-term perspective and ride the waves of volatility we know and love.

I was discussing some of October’s tumultuous events in crypto markets on Bloomberg last week, and reiterated my prediction that bitcoin will touch USD $100,000 by the end of this year. Let’s see if I’m right. The other big talking point was the impact of the first bitcoin ETF. There is rightly a range of views on this - mine being that ultimately ETFs are a net positive for crypto given the increase in awareness and interest in crypto that they bring...but ultimately, if you really want exposure to crypto then it’s better to cut out tradfi. 

As a former ETF trader in the tradfi world turned crypto derivs guru, who better to take a really deep dive into this topic than Arthur? So I’m delighted to share his take on this in Thanks for Nothing. 

Have a great weekend everyone.


- Alex (@AlexHoeptner)

From the Desk of Arthur Hayes

Thanks for Nothing
 



(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)

In August of 2006, I stepped off of a Cathay Pacific flight into my future home of Hong Kong for the first time. Welcome to study abroad! The previous semester, I applied and was accepted into the Hong Kong University of Technology’s program. 

Two years prior, before I began the 21st century rite of social passage called university, where one spends 4 years learning how to hold one’s liquor and other things like CAPM, I decided to chase growth. That meant Choyna. I enrolled in the Chinese language program. After two years of Chinese classes five days a week, I was OK at speaking, could hold a conversation, and write almost a thousand characters – but I was in no way, shape or form anywhere close to fluent. 

Without a full mastery of Chinese, I could not enroll in the Fudan program in Shanghai, as fluency in Mandarin was required. So I chose the next best thing after real China – Hong Kong. 

My first memory of Hong Kong is always with me, and evokes a strong sense of nostalgia. Like a complete noob, I disembarked, collected my luggage, and – brandishing a piece of paper with my university’s address –  got into an unmarked car (because some dude hustled me in the arrivals hall). As I became a more seasoned traveler, I quickly learned to never ever get into a non-licensed taxi. 

Click here to continue reading this edition of Crypto Trader Digest  

–  Arthur Hayes, Co-Founder of BitMEX (@CryptoHayes)

Latest Commentary from BitMEX




BitMEX CEO Alex Höptner on Bitcoin Rally
 

“Alex Höptner, CEO of BitMEX, expects Bitcoin to rally to 100k by the end of the year.”

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