Arthur Hayes, co-founder of BitMEX, surprised everyone by announcing a significant shift in his investment strategy. Hayes decided to sell his assets in Solana (SOL) to acquire Ethereum (ETH). This announcement, made through the X platform, revealed that Hayes’s decision was driven by a “divine message” he received during a meditation session.
Despite Solana’s notable achievements, recently surpassing $100 and ranking as the fourth-largest cryptocurrency, Hayes chose to redirect his investments toward Ethereum. This unexpected move caused confusion among Solana followers, especially amid the current upswing in the market for this cryptocurrency.
Hayes’s boldest prediction is that the price of Ethereum will reach $5,000. This audacious statement comes at a time when Ethereum experienced a 2.37% increase, reaching $2,267.88, while Solana showed strong performance with a 15.48% increase, reaching $97.55, accompanied by a significant rise in trading volume.
Fam … I have a confession to make.
I received a msg from the Lord while meditating. He said dump that Sam coin POS, and profess your love for Archangel Vitalik.
— Arthur Hayes (@CryptoHayes) December 22, 2023
Hayes’s announcement not only surprised the crypto community but also elicited diverse reactions. While some were perplexed by the decision to abandon Solana during its ascent in the market, others envisioned potential growth for Ethereum. This situation highlights the unpredictable and dynamic nature of investments in the world of cryptocurrencies.
Solana Grew Almost 700% in 12 Months
BitMEX’s founder, known for insightful market analyses, shared his experience of receiving divine guidance during meditation, humorously referencing Satoshi Nakamoto, the mysterious creator of Bitcoin. According to Hayes, this celestial message urged him to divest from his Solana investments and express admiration for Vitalik Buterin, co-founder of Ethereum.
Hayes’s decision to switch from Solana to Ethereum can be interpreted as an evaluation of market dynamics. Despite SOL’s impressive performance, experiencing a 666% increase since mid-December of last year, according to CoinMarketCap , Hayes seems to believe that ETH has greater growth potential in the future.
This decision reflects the volatility and unpredictability that characterize the crypto investment landscape, where even prominent figures like Hayes can adopt unexpected strategies in response to signals beyond conventional market analyses.