Arthur Hayes, the CEO of BitMEX, believes that Bitcoin is a retail investor led phenomenon that shows no signs of stopping. With just a day left before his debate with crypto skeptic Nouriel Roubini, Hayes revealed that BitMEX is launching a new Bitcoin-based fixed income product,\u00a0 providing holders with passive income.<\/p>\n
Arthur Hayes<\/a>, the co-founder and CEO of BitMEX<\/a>, has been one of the most vocal critics of Dr. Nouriel Roubini, an economist notorious for his skepticism of the crypto industry. Following a heated back-and-forth on Twitter, the two are set to debate<\/a> on stage at the 2019 Asia Blockchain Summit on Wednesday, July 3.<\/p>\n In an interview with Bloomberg's DayBreak: Asia, Hays called Roubini a “hater” and “nocoiner” for saying that the trading volumes reported by crypto exchanges were fake and there was no real action going on in the industry.<\/p>\n Hayes then pointed out that BitMEX recently saw its highest 24-hour trading record\u2014$60 billion, and recorded over a trillion dollars in trades in the past year.<\/p>\n “The trading volumes speak for themselves. There's something going on here in crypto and the price action and volumes speak for themselves,” he explained.<\/p><\/blockquote>\n Our hero in Taipei @CryptoHayes<\/a>: "@Nouriel<\/a> is a hater, a nocoiner"<\/p>\n "There's real trading going on, $1 trillion over the past year"<\/p>\n "Bitcoin is a retail investor led phenomenon"<\/p>\n part 1 of 3 pic.twitter.com\/651DNepoJI<\/a><\/p>\n — Pierre Rochard (@pierre_rochard) July 2, 2019<\/a><\/p><\/blockquote>\n\n