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Cryptocurrency News Articles
Arthur Hayes Chooses Solana Over Ethereum Because of Its High Beta Against Bitcoin
Nov 02, 2024 at 09:36 pm
Arthur Hayes, founder of BitMEX, shared that he prefers Solana over Ethereum. Hayes describes Solana as a ‘high beta Bitcoin’ because it is sensitive to
BitMEX Founder Arthur Hayes prefers Solana over Ethereum due to its high beta nature.
Hayes describes Solana as a ‘high beta Bitcoin’, highlighting its sensitivity to market movements. He anticipates that Solana will leave other altcoins behind in the lead-up to the US elections.
According to Hayes, Solana’s liquidity and close correlation with Bitcoin will drive its performance. He plans to capitalize on this synergy for quick trades. Despite his preference for Solana in this context, Hayes adds that he will continue to hold Ethereum for the long term.
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