Arthur Hayes: Bitcoin Bottomed As ‘Everyone Who Could Go Bankrupt Has Gone Bankrupt’

Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the "largest most irresponsible entities" have run out of BTC to sell.

"Looking forward, pretty much everyone who could go bankrupt has gone bankrupt,” he said in the Dec. 11 interview with crypto advocate and podcaster Scott Melker.

(By STEPHEN KATTE)

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