Solana

Bitcoin

Arthur

Time

<p>The post <a href="https://coinpedia.org/news/from-bitcoin-to-solana-a-crypto-billionaires-new-investment-strategy/">From Bitcoin to Solana: A Crypto Billionaire’s New Investment Strategy</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Former BitMEX CEO Arthur Hayes has expressed bullish confidence in Solana (SOL), emphasizing its potential for recovery and growth despite challenges post-FTX collapse. Despite FTX’s downfall and legal issues involving its founder, Sam Bankman-Fried, a notable supporter of Solana, Hayes remains optimistic about the cryptocurrency’s bright future.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-time-to-switch-to-solana"><strong>Time To Switch To Solana?</strong></h2> 
<p>Known for accurate market predictions, Hayes <a href="https://x.com/CryptoHayes/status/1752972890843283660?s=20">detailed </a>his investment strategy in a recent essay, hinting at divesting some tokens, including Solana, in case of a Bitcoin downturn. However, he plans to invest in Solana and other altcoins if Bitcoin drops below $35,000, showcasing his belief in Solana’s potential.</p> 
<p>However, Solana’s market performance stayed volatile, making sudden price swings. After a surge in late 2023, followed by a correction in early 2024, the crypto has maintained a decent price level, hinting investor confidence in its stability. Hayes’s past comments have helped Solana surge, indicating a bullish surge in the coming days.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-macro-factors-at-play"><strong>Macro Factors at Play</strong></h2> 
<p>Despite SOL’s 9.8% price drop and inability to break $104, its network fundamentals remain strong. Since Jan. 31, broader crypto market pressure, triggered by the Fed’s decision to hold interest rates, has exacerbated concerns about regional bank problems. NYCB’s 42% share price slump raised financial and bigger crypto crisis concerns. Hayes expects a negative impact on Bitcoin followed by favorable outcomes for altcoins if the Fed issues a no-rate cut policy.</p> 
<h2 class="wp-block-heading" id="h-signs-of-recovery-and-growth-nbsp"><strong>Signs of Recovery and Growth&nbsp;</strong></h2> 
<p>A notable shift of 150,000 SOL from a Bybit exchange wallet to an unknown address suggests bullish sentiments among large-scale investors, marking long-term confidence in the Solana project. Hayes’ view aligns with this, indicating a gradual increase in confidence in the asset’s potential. Despite recent challenges, Solana’s market has shown signs of recovery, trading at $97.86 with a market cap of $42.67 billion, reflecting resilience and potential for growth.</p>

From Bitcoin to Solana: A Crypto Billionaire’s New Investment Strategy

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