February 8, CEX co-founder Arthur Hayes stated that Bitcoin derivatives do not cause price volatility; they only amplify price swings in both directions. The recent crash in the cryptocurrency market is not the result of some secret conspiracy. Fortunately, we can quickly clear out investors who overuse leverage and restore a situation where prices only go up and not down.
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Arthur Hayes: There are no secret conspiracies behind the market crash; in the future, it will only go up and not down
February 8, CEX co-founder Arthur Hayes stated that Bitcoin derivatives do not cause price volatility; they only amplify price swings in both directions. The recent crash in the cryptocurrency market is not the result of some secret conspiracy. Fortunately, we can quickly clear out investors who overuse leverage and restore a situation where prices only go up and not down.