Arthur Hayes, CEO at the Bitcoin Mercantile Exchange (BitMEX), the world's largest cryptocurrency derivatives trading platform, has been acting a bit strange or maybe even a bit unprofessional lately. 

Hayes, a Wharton Business School graduate who is an experienced traditional financial market veteran, had talked down XRP, the world's third-largest crypto asset. Even though BitMEX supports XRP futures contracts, Hayes himself doesn't seem to believe in the future of XRP. My colleagues on Twitter and some of my followers brought this to my attention, and I responded by noting that BitMEX was being investigated by the US Commodity Futures Trading Commission (CFTC), a probe which was opened in mid-July 2019.

It's at that time that Hayes kind of disappeared from social media. Prior to that, Hayes had referred to Ethereum's native token, Ether (ETH) as a shitcoin basically, and accurately predicted that ETH would drop below $100 which it did very briefly. Still though, it just doesn't seem professional for someone operating a major crypto derivatives platform like Hayes to make such comments.

Don't get me wrong, I love my BitMEX because they also do a great job of publishing awesome research reports on Bitcoin (BTC), the flagship cryptocurrency. Another thing though that I do not like about Hayes is that he made a bold, and perhaps intentionally wrong prediction for BTC to surge to $50,000 in December when the digital currency only finished that year at around $3,200. That was quite misleading. I am not saying people should learn to predict prices accurately, because of course they can, but he should have still known better than that.