Bitcoin (BTC) and is much talked about with his investments as well as his statements about altcoins. BitMEX former CEO Arthur Hayes, made new statements.
In his interview with The Big Whale, Hayes stated that the US presidential elections are currently the biggest obstacle to the cryptocurrency market and said that he believes that Bitcoin and crypto markets will gain momentum again after the uncertainty about the outcome of the election is eliminated.
At this point, Hayes added that he thinks that the new president will not be determined immediately after the elections in November, but will be determined within a period of 3-6 months.
Stating that the US elections are a risk for assets such as Bitcoin and may prevent the rise, Hayes also announced that he expects the election uncertainty to disappear and that he will not make any further purchases due to excessive risk in the next few months.
The famous name stated that government spending will increase after the election, the dollar will lose value, and as a result, Bitcoin and cryptocurrencies will gain value.
“No matter who wins, the winner will print the money, which will create a positive environment for Bitcoin.” Hayes said that investors should act carefully in the period leading up to the election.
It’s Hard for Solana to Overtake Ethereum!
Arthur Hayes also Ethereum (ETH) and SolanaHe also mentioned. LEFT Stating that it is very difficult for altcoins such as Ethereum to surpass Ethereum, Hayes said that Ethereum is currently the leader in terms of innovative applications and the number of developers.
While Hayes acknowledged that Solana is also innovative and competitive in many ways, he fundamentally said that it is difficult for SOL and other altcoins to surpass ETH.
“Solana is extremely well done. It has a really good foundation. It has a great, interactive community. The Memecoin incident was one of the best things that ever happened for Solana. But at the end of the day, it has a quarter of ETH’s market value.
At this point, on a probabilistic basis, it will be extremely difficult for Solana and other altcoins to surpass ETH. Because it doesn’t stop at ETH.”
*This is not investment advice.
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