In a recent interview, Arthur Hayes, co-founder of BitMEX, revealed details of the investment strategy of his Maelstrom Fund, which actively invests in Bitcoin and Ethereum.
Maelstrom Fund Investment Strategy
The Maelstrom Fund allocates 60% to Bitcoin and 20% to Ethereum, reserving the remaining for smaller cryptocurrencies and early token deals. Hayes also holds physical gold, gold-related equities, and U.S. Treasury bills.
Bitcoin and Ethereum Forecast
Hayes predicts Bitcoin may reach between $150,000 and $200,000 by mid-2025, with a potential rise to $250,000 by year-end. He cautions investors to prepare for sharp price corrections before upward movements. Regarding Ethereum, currently trading near $2,500, he anticipates growth to $5,000 in 2024, but achieving higher targets would require broader adoption. Hayes states, 'Bitcoin could act as a hedge against currency devaluation.'
Altcoin Analysis
In terms of altcoins, Hayes expects growth tied to practical use cases and warns against investments in tokens with inflated valuations lacking real-world utility. He notes that speculative projects without clear purposes may struggle as markets mature.
Hayes' strategy emphasizes a blend of traditional assets and cryptocurrencies, while his forecasts provide important guidance for investors in a volatile market.
