BitMEX founder Arthur Hayes stated that he prefers Solana over Ethereum, describing Solana as a 'high beta Bitcoin' due to its sensitivity to market changes. With the U.S. elections approaching, Hayes believes Solana may surpass other altcoins, even outperforming Ethereum, which he calls 'old, slow, and boring.' He emphasized that the liquidity of SOL and its sensitivity to market changes may enable it to perform better than Bitcoin in a bullish environment.
In the Unchained podcast, Hayes predicted that Solana might surge significantly during the election period, thanks to its liquidity and close correlation with Bitcoin. He explained that he intends to pivot to Solana for quick trades, believing Solana to be a better short-term investment tool than Ethereum, which he holds long-term. Hayes clarified that he has no plans to sell his Ethereum assets, stating:
"I will pass..."
The article is for reference only and does not constitute investment advice.
