Arthur Hayes, co-founder and former CEO of BitMEX, has offered his perspective on why Bitcoin has recently experienced a significant decline. According to Hayes, the 25% drop in Bitcoin’s price since early October is not caused by changing political messages or global events but by a contraction in U.S. dollar liquidity.
For companies like Riot Blockchain Inc. (NASDAQ: RIOT) that have been around for a long time, such market reversals aren’t new and the firms are likely to ride this one out without being…
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