BitMEX co-founder and former CEO Arthur Hayes has returned from exile with a post on the derivatives exchange’s official blog calling for a boycott of legacy platforms following the GameStop drama.
Hayes said the incident, where trading on Robinhood was halted after retail traders forced a short squeeze causing hedge funds to suffer billions in losses, showed that markets are stacked against retail traders:
“The game masters just didn’t like how the game was being played, so they jacked up margin to force a course correction,” he said.
The former BitMEX CEO urged retail traders trader to “opt-out” of the legacy financial system in favor of “Crypto Capital Markets”:
“Withdraw all your money from your broker. Stop trading. Stop paying the system that you believe treats you like a second-class citizen. That is opting out, and it is extremely powerful and liberating.”
The post follows months of silence from Hayes — who went to ground last year
The post BitMEX’s Arthur Hayes returns with calls for a boycott of legacy finance appeared first on Daily Truth Report • DailyTruthReport.com.
This content is courtesy of, and owned and copyrighted by, https://dailytruthreport.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.