The same applies to Arthur Hayes who constantly comes up with new price forecasts.
But does the same actually apply to Arthur Hayes though? I might be wrong but we mustn't forget that Hayes is running one of the biggest crypto exchanges in the world right now.
Therefore he could potentially be pushing his agenda and specifically for Bitmex that would be attracting high volume.I suppose on some level, everyone is pushing their own agenda, even if it's unintentional. Novogratz' fund has huge cryptocurrency holdings, so I'm sure he's biased in favor of his investments just like Hayes. Everyone is biased.
Interestingly,
Hayes actually said recently that he expects trading volumes to continue declining:
Cryptocurrency trading volumes recently plunged to a new year low following the summer slump.
Hayes said volume could drop more in the coming months. We think trading volumes could fall further from where they are now, he said.