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Arthur Hayes Teases $420,000 Bitcoin As Elon Musk Asks Crypto Traders for Anime BTC

by Daily Hodl Staff
May 3, 2020
in Bitcoin
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The CEO of the crypto derivatives exchange BitMEX is highlighting Bitcoin’s decentralization, teasing a massive Bitcoin (BTC) price and taking a shot at Elon Musk – all in a single tweet.

On Friday, Arthur Hayes “announced” that he has secured enough funding to take Bitcoin off the public market once it hits the $420,000 mark.

Funding secured, I’m taking #bitcoin private at $420,000. Many thanks to the Vision Fund for their support. https://t.co/NAntTqE6hB

— Arthur Hayes (@CryptoHayes) May 2, 2020

The statement is a twist on Elon Musk’s infamous tweet about his plans to take Tesla private when it hits $420 a share. That tweet landed Musk in hot water with the US Securities and Exchange Commission, which accused him of misleading investors. Musk eventually settled with the SEC and paid a $40-million fine without admitting any wrongdoing.

The new viral tweet from Hayes, on the other hand, is placing a spotlight on the lack of control any one person has on the Bitcoin network, and the inability for an agency like the SEC to point the finger at a person or group behind the leading cryptocurrency.

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In a recent newsletter, Hayes said he believes that in the mid to long-term, BTC’s status as hard money with a capped and limited supply will stand out against a stimulus binge from the US. He’s predicting Bitcoin will hit $20,000 by the end of the year.

As for Musk, he’s once again toying with Bitcoin and crypto traders.

After creating a new firestorm on Friday by declaring Tesla’s stock is overpriced, he then replied to @Bitcoin, asking how he can attain some BTC, in cartoon form.

How much for some anime Bitcoin? pic.twitter.com/itqRslFNcb

— Elon Musk (@elonmusk) May 1, 2020

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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