Arthur Hayesannounced in its latest blog post, four crypto assets that should be held during the bear market and that could yield gains in the future.
Arthur Hayes, co-founder of the BitMEX exchange, recently published an article on his personal blog. Touching on current issues in the market, Hayes also revealed his bear market favorites. Hayes detailed his selection of the top four cryptos he will “hold” in the current bear market.
According to Arthur, in these bear markets, investors need to hold assets that will not only gain in value when the market turns green, but will also yield returns as a token holder.
Hayes divides four of his preferred cryptocurrencies into two sections: “Reserve Assets” and “Super Strong Assets”. Under Reserve Assets is Bitcoin, the number one cryptocurrency by market cap, followed by Ethereum. Two other cryptocurrencies in the Super Strong Assets section are LOOKS and GMX.
Arthur emphasizes that Bitcoin and Ethereum can help him in capital appreciation when the bull market starts, while tokens like these will provide returns that neither of the above two coins currently bring.
Arthur also emphasized on his blog that the price of Bitcoin may have bottomed out at $15,900, and times like these make investing risky but rewarding.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.