Arthur Hayes stated in a recent interview that if Bitcoin performs well, Solana may rise even more strongly. Additionally, he pointed out that it is not important whether Trump or Biden wins the election, but the key lies in the Federal Reserve’s interest rate decisions.
Legendary trader and BitMEX exchange founder Arthur Hayes is often followed by the community for his unique views on cryptocurrency and the overall economy. Against the backdrop of the countdown to the U.S. presidential election, he recently stated in an interview with the podcast channel Unchained that he believes Solana is potentially a better performer than Bitcoin.
Arthur Hayes: Bullish on Solana rather than Ethereum
Hayes expressed his preference for Solana over ETH, stating that Ethereum is currently too slow and needs a narrative shift to change people’s negative views on its performance in recent months. In contrast, he believes that Solana has a more forward-thinking approach and acts quickly, potentially outperforming Bitcoin when the market rises.
Furthermore, Hayes also explained that in the long run, it is not important who wins the U.S. election, as the most significant impact on crypto assets will be the Federal Reserve’s decision on whether to cut interest rates on November 7 (around 11/8 Taiwan time).
Yen arbitrage position closing risk
In addition to the Federal Reserve interest rates, Arthur Hayes has also repeatedly warned about the risks of yen arbitrage trading. He emphasized that the market should focus on the USD/JPY exchange rate, as that is the only important factor.
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