‘You Want To Own the Most Hated Thing’ – Arthur Hayes Says Ethereum Set To Outrun Solana As Memecoin Craze Fades

Bitmex founder Arthur Hayes believes that Ethereum (ETH) will in all probability carry out higher than Solana (SOL) within the subsequent stage of the cycle.

In a brand new interview on the Unchained Podcast, Hayes out Ethereum has a better risk-coming ratio in comparison with Solana sooner or later.

“In case you have a brand new unit of Fiat or Capital, what do you do with it?

… When you may have a flip within the cycle, you need to possess probably the most hated factor, as a result of that may carry out greatest. And you do not need to have probably the most liked one of many earlier cycle, as a result of that may carry out the worst.

That doesn’t imply that Solana doesn’t go up a lot. However in comparison with one thing else, will it additionally carry out? And so I believe ETH has some type of the muse of the market to do very effectively on this subsequent leg, as a result of folks hate it that manner. “

Hayes says that one of many components that restrict the upward potential of Solana is that the story that the Solana assembly pushed in January in January will in all probability not attain the same heights of recognition.

“Solana did very effectively on a form of Memecoin SuperCycle, or no matter you need to name it, the final 18-24 months.

However I believe, sure, there will likely be some memin cash that do effectively …

… However are we going again to the place we have been 12 months in the past the place everybody and their mom have been identical to swinging of Memecoins who tried to seek out the market capitalization of $ 1 million that goes to $ 100 million market capitalization and hand over a whole lot of thousands and thousands of {dollars} in Pompfun?

I do not suppose we’re going again there and so I believe that each one that exercise that was on Solana primarily based on Memecoin Buying and selling won’t be there. And so the story of: “Oh, Memecoin commerce is nice, the Anti-Enterprise Capital Method to take part in Crypto is on Solana, that is why I’ve to personal Solana because the Laag-1 that organized all these actions.” I believe that story disappears. “

https://www.youtube.com/watch?v=ZJVsyGR7GBG

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