Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, continues to increase his cryptocurrency holdings, including recent altcoin purchases.
The Latest Purchase
According to Lookonchain, Hayes has purchased over $16 million in cryptocurrencies over the past five days, including Hyperliquid (HYPE), Lido DAO (LDO), and Ethena (ENA). He has accumulated a total of 1,750 ETH (over $8 million), 58,631 HYPE ($2.8 million), 3.1 million ENA ($2.3 million), and other tokens. This acquisition comes amid a price increase in these assets, with ETH witnessing nearly a 50% uptick over the month.
Hayes's Take on Bitcoin
While actively investing in altcoins, Hayes remains a proponent of Bitcoin. He predicts that due to economic factors, BTC could reach $250,000 in the short term and even $1 million by 2028. Hayes analyzes the impact of economic policy on Bitcoin demand and emphasizes the importance of long-term investments in this asset.
Current Market Trends
Hayes has also mentioned his previous sales and reacquisitions of altcoins, stating earlier that he might no longer take profits from his assets. With the recent price surge in the market, he emphasizes the significance of supporting key cryptocurrencies and monitoring economic changes affecting their value.
Arthur Hayes continues to actively maneuver in the cryptocurrency market, highlighting Bitcoin's potential and his confidence in that stable investments in cryptocurrencies are relevant in the current economic climate.
