BitMEX CEO Arthur Hayes has projected that cryptocurrencies may evolve into a recognized asset class over the next decade.
The Future of Cryptocurrencies as an Asset Class
During a December 16 appearance on the Unchained podcast, Hayes speculated that Bitcoin (BTC) could pioneer this shift. BitMEX, the world’s largest cryptocurrency derivatives exchange by daily trading volume, has been at the forefront of market innovation.
Hayes, however, tempered his optimism with caution:
"Will cryptocurrencies mature into a legitimate asset class in 10 years? Possibly. But Bitcoin’s long-term viability remains experimental. The market is still too small to draw definitive conclusions."
Despite these reservations, Hayes emphasized cryptocurrencies’ potential to revolutionize global finance—enabling seamless value transfer and decentralized financing.
The Shift to 24/7 Trading Markets
Hayes also predicted a broader transformation in traditional markets:
"The future lies in non-stop trading, mirroring crypto markets. This will extend to equities, forex, and fixed-income assets, phasing out traditional trading hours."
Key Takeaways:
- Cryptocurrencies may transition into a formal asset class by 2030.
- Bitcoin’s role as a store of value is still unproven long-term.
- 24/7 trading could become standard across all financial markets.
Market Context
In early November, Hayes anticipated an 18-month crypto winter, citing parallels to 2014–2015 bear markets. At press time, Bitcoin traded at $3,755**, up 6% daily after rebounding from a weekly low of **$3,172.
FAQs
1. What did Arthur Hayes predict about cryptocurrencies?
Hayes suggested they could become a new asset class within a decade but stressed that Bitcoin’s long-term security remains unverified.
2. How does Hayes view traditional markets evolving?
He expects equities and forex to adopt 24/7 trading models, similar to crypto markets.
3. What’s BitMEX’s role in crypto trading?
As the largest cryptocurrency derivatives platform, BitMEX influences market liquidity and innovation.