The great and terrible Arthur Hayes, the founder of several famous crypto exchanges, an investor and insider, published a new essay. As always, Arthur is quite verbose, which makes many of his fans not able to read his message even to the middle. But we did. And now we are retelling his main theses about the current situation in the crypto market (in our column To make a long Hayes short).
Another essay was published under the title Max Bidding, in which Arthur, as always, shared his thoughts about the world economy and the crypto industry. Below we present his main theses with our comments:
If you don’t understand this logic, we suggest you read this important review article from Arthur. It’s a complicated text, yes, but it makes it clear why the future is in crypto.
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We are also keeping a close eye on the recovery, here is our latest analytics with a similar view.
In our separate text, we looked in great detail at how you can be guaranteed to make money on forks — this is exactly what is ahead for Ethereum.
Yes, we are also very closely following the Chinese project ETHPoW, which is going to reboot Ethereum — but in its own way, not Vitalik’s way. We’ve compiled all the information about ETHPoW right here.
At this point, Arthur caused strong hate — as Cathy Wood predicts Ethereum at $25k, and $5k from Arthur does not look serious, but we think this prediction is more realistic.
This is exactly what Vitalik Buterin was talking about, in more detail in this review.
Read this article of ours about Solana and you will understand why Arthur is so categorical.
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