Arthur Hayes stated in a recent interview that if Bitcoin performs well, Solana may rise even more strongly. He also pointed out that it is not important whether Trump or Biden wins, the key is the Federal Reserve’s interest rate decision.
Legendary trader and BitMEX exchange founder Arthur Hayes is often the center of attention in the community due to his unique views on cryptocurrency and the overall economy. Against the backdrop of the upcoming US presidential election, he recently stated in an interview with the podcast channel Unchained that he believes Solana is likely to outperform Bitcoin.
Hayes expressed a preference for Solana over ETH, stating that Ethereum is currently too slow and needs a narrative shift to change people’s negative perceptions of its performance in recent months. In comparison, he believes Solana has a more advanced mindset and acts quickly, potentially outperforming Bitcoin when the market rises.
Furthermore, Hayes also explained that in the long term, it is not important who wins the US election, as the most significant impact on crypto assets will be the Federal Reserve’s decision on November 7 (around 11/8 Taiwan time) regarding interest rate cuts.
In addition to the Federal Reserve interest rates, Arthur Hayes has also repeatedly warned about the risks of yen arbitrage trading. He emphasized that the key point for the market to pay attention to is the USD/JPY exchange rate, as that is the only important factor.
