Recently, the well-known cryptocurrency media Coin Bureau invited Arthur Hayes and Raoul Pal, two industry heavyweights, for an in-depth discussion. In this conversation, they discuss current market risks, active investing strategies, and annual forecasts for the future market.
As a veteran investor in the cryptocurrency industry, Arthur Hayes shares his investment strategy for Bitcoin and altcoins. He emphasized that despite market fluctuations, he still adheres to a long-term holding strategy, believing that this is the best way to combat market uncertainty. Arthur mentioned that his family office’s investments in Ethena and the liquid staking token ecosystem have seen significant success. Ethena was specifically mentioned by him, saying that the project does a great job of creating a synthetic dollar and trying to replace Tether and USDC. Ethena’s circulating supply has reached $3 billion, making it the fourth largest U.S. dollar stablecoin. Arthur believes this is one of their most successful investments this cycle.
On the other hand, Raoul Pal shared his investment experience in Solana and the high-end NFT space. He said the best strategy this year is to stay on the sidelines and not do too much. Raoul explained that he focuses the majority of his investments on Solana because he believes the platform has long-term technical potential. In addition, he sold part of Solana when prices rose and instead invested in high-end NFTs such as Beeple and X Copy's creations as part of his strategy to build a long-term portfolio.
The discussion also touched upon the cultural value and market potential of meme coins, with both men believing that meme coins must be global, non-offensive, inclusive and fun in order to be successful. Arthur predicted that Dogecoin may receive SEC approval to launch an ETF.
Regarding the impact of the U.S. election on the market and potential risks in the future, they jointly believe that regardless of the outcome of the election, the long-term bullish trend of the cryptocurrency market will not change. They noted that regardless of which candidate is elected, governments and central banks are likely to continue to adopt loose monetary policies, which will continue to support the growth of the cryptocurrency market.
In addition, Arthur and Raoul also discussed the risks of bubbles that the cryptocurrency market may face. Raoul noted that the market could go through a phase similar to the 1999 tech bubble, which could lead to a sharp correction after extreme volatility. And Arthur thinks:
“So, if I think about risk, and it’s a 2 to 3-year risk, I would say a major cryptocurrency custodian being hacked and losing $50 billion to $100 billion in cryptocurrency would be the end of the cycle. ”
During the conversation, the two guests also discussed the development potential of various encryption projects and technologies, especially the development prospects of Layer 1 projects such as Aptos and Sui. Arthur even sees Aptos outperforming Solana in this cycle, providing investors with good profit opportunities.
"I think Aptos will likely become the second largest Layer 1 and surpass Solana during this cycle. This forecast is for a 1 to 3 year time frame and I will provide more details this September."
This article Arthur Hayes and Raoul Pal’s insights: Aptos surpasses Solana, Dogecoin ETF is expected to pass the customs first appeared in Zombit.