BitMEX founder Arthur Hayes has made several optimistic statements regarding the future of Ethereum and Solana, predicting price increases for these cryptocurrencies.
Buying Ethereum and Market Predictions
Arthur Hayes confirmed in a recent interview that he has started investing back in Ethereum and altcoins after taking profits. He stated the ETH chart indicates an upward trend.
> "I bought back some of the ETH I sold. Because the chart shows it will go up. So I can't fight the market." CITE_W_A
Comparison of Ethereum and Solana
Hayes also compared Ethereum and Solana, noting that both networks have strong ecosystems. However, he prefers Ethereum this cycle, stating that he expects ETH's price to rise to between $10,000 and $20,000 by the end of this cycle.
Political Influence on the Cryptocurrency Market
Hayes believes that U.S. President Donald Trump's focus on economic success will positively impact the cryptocurrency market. He noted:
> "While it may be difficult to reach that level in the very short term, the asset-friendly policy orientation and capital inflows from digital asset treasury companies in this cycle and during the Trump administration will drive the upward trend." CITE_W_A
In light of Arthur Hayes' recent statements regarding Ethereum and Solana, there is noticeable optimism about the future of these cryptocurrencies. The expert emphasizes the importance of economic policy for the crypto market and expresses a preference for Ethereum.
