BitMEX founder Arthur Hayes released another new article this morning. This time, the article discussed the power of storytelling in cryptocurrency investment, which is far more important than the technical aspects.
Arthur Hayes believes that investment decisions are often based on the attractiveness and spreadability of stories, rather than the complexity or innovation of technology. He pointed out in the article that a good and widely spread story can drive up the value of relevant tokens, while technical details are difficult for most investors to understand, so they have less impact on investment decisions.
Arthur Hayes calls himself the “Chief Storyteller” and emphasizes that his job is to tell attractive and easily spreadable stories, rather than delving into technical details. He points out that even investment teams without a deep technical background can successfully invest by identifying and spreading powerful stories. This strategy relies on the acceptance and spread of project stories by the community and the market, rather than the technical innovation of the project itself.
In addition, Arthur Hayes also shared in the article the “stories” behind the altcoins invested by his venture capital company, Maelstrom Capital.
Retail derivative trading volume will shift from centralized exchanges to decentralized exchanges.
Related projects: dYdX, GMX, and possibly other challengers.
The launch of ETH staking will stimulate the increase in interest rate swap trading volume in DeFi.
Related project: Pendle.
There is a way to drive the Quanto derivative trading volume of decentralized exchanges with low-market-cap cryptocurrencies worth billions of dollars.
Related project: Krav.
The on-chain liquidity of decentralized exchanges will be provided by middleware, replacing market makers currently in the market.
Related project: Elixir.
As decentralized exchanges become the main venue for price discovery, on-chain oracles providing prices for settlement and clearing will become increasingly important.
Related project: Flare.
Why Tether and any stablecoins using traditional financial banks as fiat custodians will face pressure, and we can create fiat-pegged stablecoins that do not rely on traditional finance.
Related project: Ethena.
How to solve the problem of asset cross-chain interoperability without using cross-chain bridges.
Related project: Axelar.
Finally, Arthur Hayes concludes that the current focus and attention of the public are on the Bitcoin spot ETF listed in the United States. Coupled with the global devaluation of fiat currency, this will drive the US dollar value of Bitcoin to unimaginable heights. In addition, the upcoming US Ethereum ETF will also push up the price of Ether. However, Arthur Hayes states that he already has enough Bitcoin and Ether holdings and will now shift his focus to altcoins.
