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RIPPLE XRP IS DOGSH*T SAYS BITMEX CEO ARTHUR HAYES | Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally
Today, February 5th should have been an exciting day for Ripple XRP as behemoth derivatives exchange BitMEX adds a new perpetual swap contract for its XRP token.
But while BitMEX is “proud” to announce the new trading pair, CEO Arthur Hayes calls XRP “dogsh*t” on Crypto Twitter.
Ripple fans should be celebrating this listing and looking forward to more meaningful price action.
Except that this day will now be tainted with a whiff of something unpleasant as BitMEX CEO Arthur Hayes vocally disses Ripple’s token on Twitter.
“Is it called Ripple, XRP, or dogsh*t? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha!“
This type of outburst on Twitter won’t go down well with Ripple as one of crypto’s most influential people outwardly slates XRP.
It also shows the BitMEX CEO cares very little about the quality of the projects he lists as long as they make him money.
And it gives yet another reminder of the responsibility that comes with power–and the dangers of loose fingers on Twitter.
Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally
2020 has been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for the BTC price to see parabolic gains throughout the rest of the year.
It is important to note that there is currently a multitude of separate factors that are influencing the Bitcoin price action, and the confluence of these factors does seem to suggest that a new bull-favoring cycle is right around the corner.
As for when this new cycle will begin, it does appear that all these factors are pointing to a notable macro trend shift occurring in early-May, which happens to be when the crypto’s mining rewards halving event is set to occur.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.