The head of the largest Bitcoin derivatives trading platform BitMEX Arthur Hayes expressed the opinion that the "bearish" trend in the cryptocurrency market may last another 18 months.
"My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness. I am just basing it off my previous experience. I started in bitcoin in 2013, when the price went from $250 to $1,300. And then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money," he said.