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.
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
