BitMEX Founder Arthur Hayes prefers Solana over Ethereum, calling the former a “high beta Bitcoin.”
Hayes’ interest in Solana is based on its highly responsive nature and strong liquidity.
The founder clarified that he would maintain his long-term position in Ethereum.
BitMEX founder Arthur Hayes shared his preference for Solana over Ethereum, calling it a “high beta Bitcoin” due to its responsiveness to market shifts. With the U.S. election approaching, Hayes suggested that Solana could outpace other altcoins and even surpass Ethereum, which he describes as “old, slow, and boring.” He highlighted that SOL’s liquidity and sensitivity to market changes make it a potentially stronger performer than Bitcoin in a bullish environment.
In an Unchained podcast, Hayes predicted that Solana would likely see a surge during the election period, thanks to its liquidity and close correlation with Bitcoin. He explained that he plans to turn to Solana for quick trades, viewing it as a better short-term vehicle than Ethereum, which he’s held for an extended period. Hayes clarified that he has no plans to sell his Ethereum holdings, saying:
“I will tra…
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