In the world of cryptocurrencies, where thousands of altcoin projects take place, it can be important for investors to learn what famous names hold in their portfolios. The last celebrity to announce some of the investments in his portfolio was Arthur Hayes, former CEO and co-founder of cryptocurrency exchange BitMEX. Hayes announced that he transferred his money to the leading altcoin instead of Bitcoin. Here are the details…
Arthur Hayes transfers his money to ETH instead of Bitcoin
As we have also reported as Kriptokoin.com, Hayes, who was previously the CEO of BitMEX, has expanded his portfolio to the leading smart contract platform Ethereum ( He says he corrected it in favor of ETH. In a new article, Hayes says that unlike Bitcoin (BTC), Ethereum is not a cryptocurrency that can be used as money, but rather an asset of the largest decentralized network on the planet:
Ethereum it is not money but a commodity that powers the world’s largest decentralized computer… The Ethereum community has clearly decided that ETH is not a pure monetary tool, but a commodity used to power this computer.
$10,000 price prediction from Hayes
Hayes states that at the beginning of 2022, his portfolio is split evenly between Bitcoin and Ethereum. However, he says that he has rearranged his crypto quota to have 25 percent BTC and 75 percent ETH, as Bitcoin currently offers nothing in the face of economic turmoil. Hayes points out that he wanted an asset with positive returns when global real rates were extremely negative, and that ETH is currently providing.
Manager then Solana (SOL), Avalanche (AVAX), Terra (LUNA), Cardano (ADA) and Polkadot created by Ethereum’s “faster and cheaper” narrative He says he expects it to outperform competitors like (DOT). “This narrative worked from 2020 to the end of 2021, but now Ethereum supports extremely positive price fundamentals from a flow and return on capital,” the CEO says. Finally, Hayes predicts that ETH could hit a five-digit price tag. By the end of the year, when things settle down, he thinks ETH will be trading above $10,000.
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