Taipei conference shows fun returning to bitcoin

Taipei Times
Date: Jul 07, 2019
By: Bloomberg

As little as six months ago, bitcoin was moribund, with prices languishing at one-fifth of their record high, disappointing a mass of cryptocurrency enthusiasts who had grown use to extreme — and often upward — moves in the virtual currency.

However, the Asia Blockchain Summit at the Taipei Marriott Hotel on Tuesdday and Wednesday highlighted how volatility is back, reviving the excitement around crypto trading.

“Bitcoin is fun, but it’s a hell of a lot more fun at 100 times leverage,” said Arthur Hayes, the founder and chief executive officer of BitMEX. “That’s what people want to see in crypto, they want that high volatility.”

“At the end of the day, we’re all in the entertainment business of traders,” Hayes said.

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