Arthur Hayes was born in 1985 into a low-income family. His father worked in an assembly line and his mother as a purchasing manager at General Motors. Arthur spent his entire childhood in Buffalo, New York. As a child, he dreamed of a career in real estate, but decided to turn to finance . Arthur Hayes began his studies at the University of Pennsylvania.
In 2008, he graduated from the Wharton School of Business, where he obtained a master’s degree in economics and finance.

Career of Arthur Hayes

Immediately after graduating, Hayes moved to Hong Kong for a career at Deutsche Bank. There he held a position as a synthetic stock trader , he was also a market maker for ETFs Deutsche Bank. A little later, in 2011, he joined CitiGroup.
In this new company, Hayes served as a Delta One trader and was the primary trader of Citi’s Asian ETF offerings, as well as forwards, swaps and custom baskets. After 2 years of work, he leaves Citi.

Arthur Hayes and Bitcoin

After leaving Citi in 2013, he became interested in Bitcoin (BTC) investing , which he first heard about in April of the same year. At first, he arbitrated between various bitcoin exchanges. After gaining some experience in this field, Hayes realized the need to trade Bitcoin derivatives .

In January 2014, Hayes began building BitMEX, also known as the Bitcoin Commodity Exchange.
This platform is used for trading derivatives of Bitcoin (BTC). His partners in the creation of BitMEX were Ben Delo – a computer scientist from Oxford, and Samuel Reed – an American programmer .

Prior to working on BitMEX, Ben Delo had developed high frequency trading systems for JPMorgan Chase and Samuel Reed specialized in designing fast web applications.

After 11 months of development, they launched the BitMEX trading platform. Since then it has been the most popular derivatives market for individual investors and competes with the Binance exchange , operated by  Changpeng Zhao . Note also that Arthur is still the CEO of BitMex .

The predictions of Arthur Hayes

In 2018, Arthur made 2 Bitcoin price predictions. The first prediction took place in May 2018, when the cost of one BTC was around $8,800. During the program Fast Money on CNBN, he said that the value of Bitcoin will reach $50,000 by the end of the year. However, after that, he said he wouldn’t care if the forecast was plausible, since he wins on volatility .

At the end of November 2018, Hayes’ opinion changed drastically and he said that the price of BTC could easily reach 2 or 3 thousand dollars.

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Mohamed SAKHRI

we are passionate about science, new technologies, and web development and how to make money on the internet, we share with you tips, tutorials, guides, concerning the creation of blogs and everything related to Web 3.0 and of course the world of Cryptocurrency

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