Arthur Hayes thinks that Ethereum will be a better-performing asset than Bitcoin in 2022. Here's his prediction for ETH's price.
Arthur Hayes thinks that Ethereum will be a better-performing asset than Bitcoin in 2022. Here’s his prediction for ETH’s price.
Hayes sees Ethereum as an investment better than not only bitcoin but other L1 protocols, which are mostly overvalued. Plus, the transition scheduled to occur in the summer of this year will be the game-changer that puts Ethereum ahead of its competitors.Arthur Hayes, the co-founder of BitMEx, didn’t shy away from his deep conviction on Ethereum in this most recent. He stated that his target allocation for 2022 would be 25% BTC and 75% ETH.
“The broker quoted me a mid-market premium of +6.90%. That means to hedge my local currency ETH bond, I actually RECEIVE income.”corporate bonds to purchase BTC, Hayes recommended that they should issue debt and purchase Ether instead. The reasoning behind it was that he saw that “a boring STONK” buying ETH will naturally be branded as a “Metaverse” and “DeFi” company, which can help hype up the stock price. Issuing ETH bonds, meanwhile, is a “positive-carrying” trade to the company.
“Ethereum has appx. 4,000 developers, which is 3x larger than the chain with the second largest cohort of devs, Polkadot, which has the second largest cohort of devs.”
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