The post Arthur Hayes Predicts Solana (SOL) to Outperform Bitcoin Amid Upcoming US Elections appeared on BitcoinEthereumNews.com.

In a recent discussion on the Unchained podcast, BitMEX co-founder Arthur Hayes expressed a bullish stance on Solana, particularly as the US midterm elections approach. He described Solana as akin to “high beta Bitcoin“, suggesting that its price movements are likely to mirror those of Bitcoin, especially in a favorable market. Hayes emphasized Solana’s robust liquidity as a critical factor that positions it favorably in the context of the forthcoming election. Looking ahead, Hayes asserted that the outcome of the election may be less relevant to digital assets than the impending decision by the Federal Reserve regarding interest rates on November 7. His analysis indicated a more favorable outlook for SOL compared to ETH, citing Ethereum’s current struggles with speed and efficiency. According to Hayes, a shift in the Ethereum narrative is essential for recovering its market position. He cautioned investors to focus on market fundamentals, as political developments typically exert only fleeting influences on the cryptocurrency landscape. Source: https://en.coinotag.com/breakingnews/arthur-hayes-predicts-solana-sol-to-outperform-bitcoin-amid-upcoming-us-elections/

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Filed under: News - @ November 3, 2024 3:57 am