Arthur Hayes, whose statements and forecasts are closely watched in the cryptocurrency market, gave notable assessments of Bitcoin and Ethereum, as well as Ethena ($ENA) and Ether.fi ($ETHFI). Hayes claimed a new bull market has begun and stated that Maelstrom is taking on maximum risk across all four assets.
Arthur Hayes, who stated he expects significant growth in cryptocurrencies, claims Bitcoin is poised for parabolic growth.
In a recent interview on the Altcoin Daily YouTube channel, Hayes said Bitcoin will likely soon experience a full-scale parabolic rise, making now the perfect time to hold it.
Hayes added that Bitcoin will quickly reach "hundreds of thousands of dollars" and that anyone concerned about the Fed's control over bond yields should own Bitcoin now.
$ENA Takes Center Stage!
Hayes, who expressed optimism about altcoins as well as Bitcoin, noted that basis trading, which profits from price differences between spot and futures markets, is starting to pick up, and this is a positive signal for the crypto market.
However, Hayes noted that interest rates are still too low.
Hayes stated that the resumption of basis trading could be especially positive for Ethereum ($ENA) and that $ENA still has significant growth potential.
In his latest blog post, Hayes stated that the Maelstrom fund is also in maximum risk mode and shared information about the altcoins in his portfolio.
"Bitcoin, Ethereum, Ethena, and Ether.fi"
FLOP is Also a Key Part of This Article!
Hayes also dedicated a significant portion of his latest blog entry to his new project, Flop Network.
They state that there is no presale for FLOP, the token cannot be bought, and useful actions on the testnet are necessary to participate in the airdrop.
"...I repeat: there is no presale. You cannot buy FLOP. Only those who benefit from it will be eligible. Stay tuned for more updates about the airdrop..."
Therefore, FLOP should not yet be considered an existing market position like $ENA or $ETHFI. Hayes positions it more as a new project to be launched at the beginning of the new bull market.
*This is not investment advice.
end-content
