2024

Solana

Bitcoin

Arthur

The post <a href="https://coinpedia.org/news/arthur-hayes-reveals-his-two-altcoin-picks-says-bitcoin-will-undergo-30-correction/" rel="noopener noreferrer nofollow">Arthur Hayes Reveals His Two Altcoin Picks, Says Bitcoin Will Undergo 30% Correction</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As 2024 opens up with a bear start, &nbsp;<a href="https://app.coinpedia.org/cryptohayes" target="_blank" class="profile-details" rel="noopener noreferrer nofollow">arthur hayes</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/cryptohayes" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg"></a> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1650633230980lucd3hczk3.png" class="user_profile_img"> arthur hayes co-founder at 100x &nbsp; Arthur Hayes is an American investor, business visionary, subsidiary merchant, Bitcoin advocate, and a fintech pioneer. He was the co-founder, and CEO of BitMEX alongside Ben Delo, and Samuel Reed. BitMEX was established in 2014, the parent organization is HDR Global Trading. He is the previous CEO of BitMEX and parent organization 100x Group. BitMEX is an advanced resource exchanging stage that has exchanged trillions of dollars on the cryptographic money trade. BitMex is situated in Seychelles. He is situated in Hong Kong. In October 2020, He ventured down as CEO of BitMEX. &nbsp; BitMEX is the first crypto trade to be charged under the bank security act. The regulations expect that exchanges that are more than $10,000 should be accounted for. It is known as Know Your Customer (KYC) information. He ventured down from BitMex in October 2020. Alexander Hoptner supplanted Hayes as CEO of BitMEX. He moved to Hong Kong in 2008, to begin his speculation banking profession. He worked for Deutsche Bank, as a value subordinates broker, and for Citigroup for a long time. He functioned as the head ETF market producer for the two firms.&nbsp; &nbsp; In 2011, He left Deutsche Bank and started working for Delta 1 broker for Citibank in Hong Kong. His interest in Bitcoin began in 2013, after perusing the Satoshi Nakamoto's white papers. He is the most youthful African American crypto tycoon ever. EntrepreneurInvestorChief Executive OfficerTrader <a href="https://hk.linkedin.com/in/arthur-hayes-b493b42" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/li.svg"></a> <a href="https://twitter.com/cryptohayes?ref_src=twsrc%5egoogle%7ctwcamp%5eserp%7ctwgr%5eauthor" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190602/tw.svg"></a> <a href="https://www.instagram.com/cryptohayes/?hl=en" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/in.svg"></a> , the former BitMex CEO, is diverting his Bitcoin bet to other altcoins, his latest move can add to Bitcoin woes since the Crypto is struggling hard to stay at the $40K range and further decline is speculated in coming weeks.
His insights are worth noting. Don’t wait any longer; dive in!
Hayes Shuffles Positions in Solana and Bonk, Ditching Bitcoin
BitMEX co-founder Arthur Hayes shares his belief that Bitcoin’s price will see a further decline, and he’s ready to seize opportunities with specific altcoins in case of such a drop.&nbsp;
According to Hayes, there is a <a href="https://cryptohayes.substack.com/p/yellen-or-talkin" rel="noopener noreferrer nofollow">possibility </a>of a 30% correction for <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> from its recent high of $48,000 in 2024, following the approval of BTC exchange-traded funds (ETFs), expecting a potential support level of around $33,600 within the $30,000 to $35,000 range. He has also taken strategic moves, acquiring $35,000 strike puts and letting go of trading positions in Solana and Bonk, even if it meant a slight loss.
Expressing his perspective on Bitcoin and crypto as the last open markets globally, Hayes believes they can better anticipate shifts in dollar liquidity compared to traditional finance markets. Planning to engage in what he terms “bottom fishing” if Bitcoin falls below $35,000, Hayes aims to invest in smart contract platform <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> and Dogwifhat (WIF), a meme asset on Ethereum’s rival.&nbsp;
“I’ll take Solana and WIF”, says Hayes
Currently, Dogwifhat is trading at $0.343, showing a nearly 50% increase in the past 24 hours, while Solana is at $86.16, up almost 5.5% in the last day. Dogwifhat’s price has been jumping between $0.330 and $0.355 recently, showing a lot of ups and downs. Some experts think it might go back up to around $0.45, similar to what it was in mid-January. But it’s not guaranteed, and even though Arthur Hayes is positive about it, the technical indicators aren’t giving clear signals right now, adding uncertainty to its future price.

Arthur Hayes Reveals His Two Altcoin Picks, Says Bitcoin Will Undergo 30% Correction

CoinPedia News

Other articles published on Jan 27, 2024

Scam Alert: Crypto Hackers Steal $12 Mln SAVM, LINK, USDT, OP Tokens

Sygnum plans Asian expansion following $40M fund raise

Price Analysis: The Price TRON (TRX) Rises More Than 3% In 24 Hours

PEPE leadership blames shady wallet activity on ‘nefarious ex-team members’

Exploring the Future: Prominent Cryptocurrency Projects to Keep an Eye on in 2024

Breaking Down the Ethereum ETF Approval Roadmap with Finance Expert Scott Johnsson

Join our free newsletter for daily crypto updates!