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RE: Arthur Hayes: "The current bear market could last another 18 months"
He may be also saying that because BitMex itself has an incentive for traders to continue betting on volatile moves given their leveraged products. Not sure if I trust that perspective in all honesty. The reality is that nobody knows for sure however we do see lots of capital flowing into the underlying technology which would lead to some type of catalyst for better times.
Good point. He has pointed out several times that he doesn't care where prices go as long as people are trading. Perhaps fear is easier to sell than pumps?!