Recently, the well-known cryptocurrency media Coin Bureau invited industry heavyweights Arthur Hayes and Raoul Pal for an in-depth discussion. In this conversation, they explored current market risks, proactive investment strategies, and annual predictions for the future market.
As a seasoned investor in the cryptocurrency industry, Arthur Hayes shared his investment strategies for Bitcoin and altcoins. He emphasized that despite market volatility, he still advocates for a long-term holding strategy, believing it to be the best way to combat market uncertainty. Arthur mentioned that their family office has achieved significant success in investing in Ethena and the liquidity staking token ecosystem. Ethena, in particular, was highlighted by him, as he stated that the project has done exceptionally well in creating synthetic dollars and attempting to replace Tether and USDC. Ethena’s circulation has reached $3 billion, making it the fourth largest stablecoin. Arthur considers this to be one of their most successful investments in this cycle.
On the other hand, Raoul Pal shared his investment experience in Solana and the high-end NFT space. He stated that the best strategy this year is to wait and see, avoiding too much trading. Raoul explained that he has concentrated most of his investments in Solana because he believes the platform has long-term technological potential. Additionally, he sold some Solana when the price rose, shifting his investments to high-end NFTs, such as works by Beeple and X Copy, as part of his long-term portfolio-building strategy.
The discussion also touched on the cultural value and market potential of meme coins. Both individuals believe that meme coins must be global, non-offensive, inclusive, and fun in order to succeed. Arthur predicted that Dogecoin may receive SEC approval to launch an ETF.
Regarding the impact of the US election on the market and potential future risks, they both agree that regardless of the election outcome, the long-term trend for the cryptocurrency market remains bullish. They pointed out that regardless of the elected candidate, governments and central banks may continue to adopt loose monetary policies, which will continue to support the growth of the cryptocurrency market.
Furthermore, Arthur and Raoul also discussed the bubble risks that the cryptocurrency market may face. Raoul pointed out that the market may experience a stage similar to the 1999 tech stock bubble, which could lead to a significant pullback after extreme volatility. Arthur even believes that Aptos may surpass Solana in this cycle, providing investors with good profit opportunities.
