Arthur Hayes, co-founder of BitMEX, has identified Worldcoin (WLD) as a promising investment opportunity amid the anticipated surge of artificial intelligence IPOs. In his recent commentary on X, he highlights the potential for WLD to serve as a high-beta proxy for this emerging market. The source reports that Hayes believes WLD could reach $5 by August.
WLD Undervalued Compared to Leading AI Firms
Hayes argues that WLD is currently undervalued, trading at a low market capitalization compared to the skyrocketing valuations of leading AI firms such as Anthropic and OpenAI. This discrepancy presents a unique opportunity for investors looking to capitalize on the AI boom.
Ambitious Target Price Set by Maelstrom
In a research note from Maelstrom, where Hayes serves as Chief Investment Officer, the firm has set an ambitious target price of $5 for WLD by August. However, they caution that a significant catalyst is necessary to ignite a price rally, suggesting that market dynamics could shift rapidly as interest in AI continues to grow.
Recently, Worldcoin experienced a notable price rally, leading to increased on-chain activity, which contrasts with Arthur Hayes' view of its potential as an investment. For more details, see more.
