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<div class="cryptonews">
 <p class="is-style-lead">Former BitMEX CEO Arthur Hayes recently highlighted Solana’s potential for recovery and growth in the crypto market after the FTX downfall and corruption.</p>
 <p>After the conclusion of the FTX collapse and the legal battles that ensued, many speculated about the fate of Solana (SOL), a cryptocurrency once favored by the now-convicted founder Sam Bankman-Fried. Contrary to speculations, Hayes has recently spotlighted Solana, indicating a positive trajectory for the network.</p>
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    <p lang="en" dir="ltr">I think it might be time to get back on the train fam. Maybe after a few US banks bite the dust this weekend. pic.twitter.com/SxCwK3BVYB</p>— Arthur Hayes (@CryptoHayes) February 1, 2024
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Former BitMEX CEO says Bitcoin will rally to $750,000 by 2026
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 <p>Known for his expertise and experience in navigating the crypto market’s ups and downs, Hayes posted his optimism for Solana to X, suggesting it might be time to <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a> in SOL.</p>
 <p>The former BitMEX CEO, with a track record of making market predictions, also shared insights into his <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ment strategy in a recent essay. He discussed a potential downturn for Bitcoin (BTC) and his decision to sell some tokens to mitigate losses, including sales of Solana and Bonk tokens. Hayes plans to <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a> heavily in Solana and other altcoins if Bitcoin’s price falls below $35,000, indicating his belief in Solana’s potential recovery and growth.</p>
 <p>Solana’s market performance has been a rollercoaster, with significant fluctuations in its price. After a bullish surge in late 2023, Solana experienced a correction in early 2024 but has shown resilience, maintaining a price indicative of <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>or confidence.</p>
 <p>With Hayes’ previous comments also being bullish, followed by a rise in price, his words potentially mean better days to come in the market for Solana.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Solana flips Arbitrum and Ethereum in defi volumes as SOL price eyes $120
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-billionaire-arthur-hayes-urges-a-return-to-investing-in-solana-tbt78588.html">https://thebittimes.com/bitcoin-billionaire-arthur-hayes-urges-a-return-to-investing-in-solana-tbt78588.html</a></p>

Bitcoin billionaire Arthur Hayes urges a return to investing in Solana

TheBitTimes

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