Recently, the well-known cryptocurrency media Coin Bureau invited two industry heavyweights, Arthur Hayes and Raoul Pal, for an in-depth discussion. During this conversation, they explored current market risks, proactive investment strategies, and annual predictions for the future market.
As a seasoned investor in the cryptocurrency industry, Arthur Hayes shared his investment strategies for Bitcoin and altcoins. He emphasized that despite market volatility, he still adheres to a long-term holding strategy, believing it to be the best way to combat market uncertainty. Arthur mentioned that their family office has achieved significant success in investments in Ethena and the liquidity staking token ecosystem. He particularly highlighted Ethena, stating that the project has performed exceptionally well in creating synthetic dollars and attempting to replace Tether and USDC. Ethena’s circulation has reached $3 billion, making it the fourth largest stablecoin. Arthur believes this is one of their most successful investments in this cycle.
On the other hand, Raoul Pal shared his investment experience in Solana and the high-end NFT sector. He stated that the best strategy this year is to observe and not make too many moves. Raoul explained that he has concentrated most of his investments in Solana because he believes the platform has long-term technological potential. Additionally, he sold some Solana when the price rose and invested in high-end NFTs, such as works by Beeple and X Copy, as part of his long-term portfolio-building strategy.
The discussion also touched on the cultural value and market potential of meme coins. Both individuals believe that meme coins must be global, non-offensive, inclusive, and entertaining in order to succeed. Arthur predicted that Dogecoin may receive SEC approval to launch an ETF.
Regarding the impact of the US election on the market and potential future risks, they both agreed that regardless of the election outcome, the long-term trend for the cryptocurrency market remains bullish. They pointed out that no matter who wins the election, governments and central banks may continue to adopt loose monetary policies, which will continue to support the growth of the cryptocurrency market.
Furthermore, Arthur and Raoul also discussed the bubble risks that the cryptocurrency market may face. Raoul pointed out that the market may experience a stage similar to the 1999 tech stock bubble, which could lead to a significant pullback after extreme volatility. Arthur, on the other hand, believes:
During the conversation, the two guests also explored the development potential of various cryptocurrency projects and technologies, especially Layer 1 projects like Aptos and Sui. Arthur even believes that Aptos may surpass Solana in this cycle, providing investors with good profit opportunities.
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