Bitcoin price trajectory is heading back to $20,000, BitMEX CEO Arthur Hayes has said as he returns to the spotlight after a month-long absence.
Hayes Emerges For Conference
In a tweet on September 3, Hayes, who at the start of August said he was abandoning public life, will attend the Invest Asia conference in Singapore on Wednesday.
In his first social media correspondence since his sojourn, Hayes provided a rare Bitcoin price prediction, appearing to suggest the cryptocurrency was about to double.
“Did y’all miss me? I’m back from deepest darkest Peru, ready to cash checks. For those of you in Singapore next week for Invest Asia keep Wednesday night free,” he wrote.
“We will be two-steppin’ straight to $20k.”
Did y’all miss me? I’m back from deepest darkest Peru, ready to cash checks. For those of you in Singapore next week for Invest Asia keep Wednesday night free. We will be two-steppin’ straight to $20k. pic.twitter.com/R0UYHinuHw
— Arthur Hayes (@CryptoHayes) September 3, 2019
The $20,000 marker is significant for Bitcoin holders, as it marks BTC/USD’s highest-ever price which it hit in December 2017.
Since then, the area has remained unchallenged, with Bitcoin managing to rise to only $13,800 earlier this year before encountering a lack of support.
Earlier this week, concerns were mounting for Hayes, who had promised he would touch base in September.
BitMEX Rolls On Despite CFTC Attention
Hayes has become synonymous with BitMEX, the derivatives giant which frequently makes the headlines over the amounts its traders win or lose while betting on the Bitcoin price.
Periods of volatility produce especially wild conditions, with hundreds of millions of dollars’ worth of positions being liquidated in a matter of hours on some occasions.