Crypto Could Represent New Asset Class in Next Decade, Says BitMEX CEO

[MOProgress]

Bitcoin (BTC) has the potential to become a new asset class in the next ten years, CEO of major crypto derivatives platform BitMEX claimed on the podcast Unchained Dec. 16.
Arthur Hayes, CEO and co-founder of BitMEX, the largest crypto exchange by reported daily trade volumes, spoke with host Laura Shin and a group of other industry leaders at CME's Global Financial Leadership Conference last month.
When asked if cryptocurrency represents a new asset class, Hayes expressed skepticism, saying crypto “is sort of a blend” but that it is “still extremely small”:
“Could it become a bona fidе asset class in the next ten years? Maybe. Still, jury’s out on whether or not Bitcoin is actually secure in the long run [...] It’s still an experiment.”
Hayes, however, added optimistically that crypto “could be a new way of raising capital and sending value around the world.”
BitMEX’s CEO also weighed in on the future of trading, saying 24/7 trading — as with crypto — will replace conventional hours:


More at Cointelegraph