The average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes

    Investing in assets “outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO. The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX. According to…

    Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

    If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion. Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves. In a Feb. 12 Twitter…