HayesviewstheFederalReserve’sratedecisionasmoreinfluentialondigitalassetsthantheupcomingUSelectionoutcome.
KeyTakeaways
HayessuggestsSolanacouldbeastrongplayamidelectionvolatility,potentiallyoutperformingBitcoininbullishtrends.
TheFederalReserve\'smonetarypolicyisexpectedtohaveamoresignificantimpactondigitalassetsthantheUSelectionoutcomes.
ArthurHayes,co-founderofBitMEXandCIOatMaelstrom,favorsSolanaaheadoftheUSelections,describingitasa“highbetaBitcoin”duringanappearanceontheUnchainedpodcast.
Withtheelectionsjustdaysaway,HayesexplainedthatSolanaisagoodbetbecauseitishighlyliquidandlikelytojumpifBitcoinperformswell.
Additionally,Hayesassertedthat,inthelongrun,itdoesn’tmatterwhowinstheUSelection,astheoverarchinginfluenceondigitalassetswillbetheFED’sdecisiononwhethertocutratesonNovember7.
“ThebiggerpictureremainsfocusedontheFederalReserve’smonetarypolicyratherthantheimmediateoutcomesoftheelections,”heexplained.
HayesalsoremarkedthathefavorsSolanaoverETH,describingEthereumas‘tooslow’rightnowandinneedofanarrativeshifttochangepeople’smindsetaboutitspoorperformanceinrecentmonths.
HenotedthatSolanacurrentlyhasthe‘mindshare,’movesquickly,andwilllikelyoutperformBitcoinwhenthemarketpumps,whereasEthereumis‘equalbeta’toBitcoin,orperhapsevenabitlower.
Duringthepodcast,HayespointedoutthatSolana’simpressiverisefromaroundsevendollarstooveronehundredandeightydollars,particularlypost-FTXcollapse,underscoresitsabilitytogainandholdvaluerapidly.
Hayesalsotoucheduponregulatoryaspects,cautioningthatsignificantimprovementsincryptoregulationsareunlikely,irrespectiveofpoliticalchanges.
Hisadvicetoinvestorsandtradersistofocusmoreonmarketfundamentalsratherthanpoliticaldevelopments,whichoftenhavetransientimpactsonmarketdynamics.
ThesessionwrappedupwithHayesemphasizingthestrategicimportanceofselectinghigh-betaassetslikeSolanaduringtimesofpredictedmonetaryeasing.
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