Arthur Hayes, the founder of BitMEX, expressed his belief that Solana 
$83 will outperform other altcoins as the upcoming US presidential elections approach. He stated that Solana could emerge as a significant alternative to Ethereum 
$2,276, expecting it to experience price increases in line with Bitcoin 
$76,252.
Interest in Solana
In a recent interview, Hayes shared his interest in Solana, an Ethereum competitor and smart contract platform. He mentioned that he plans to trade SOL during the election period due to its liquidity and strong correlation with Bitcoin.
Hayes views Ethereum as “old, slow, and boring,” which influenced his shift towards Solana. He believes that during the next bull market, Solana will surpass both the leading cryptocurrency and the largest altcoin in terms of percentage gains, even if not by market capitalization. However, it is noteworthy that Hayes has made bold predictions about several cryptocurrencies, sometimes stirring community reactions by selling them unexpectedly.
Long-Term Positions
While considering investments in Solana, Hayes indicated he would not sell his existing long-term Ethereum positions. He has held a position in Ethereum for a long time and sees Solana as a better option among current trading instruments.
“I will trade SOL as we enter the election period. I want quick movements due to its high beta against Bitcoin, knowing it will rise when Bitcoin performs well.” – Arthur Hayes
Hayes emphasized that his interest in Solana stems from his beliefs about market dynamics and future movements. The combination of speed and low fees has attracted investors this year, contributing to the price increase of SOL Coin.
Hayes noted that, in the current market conditions, Solana represents a more dynamic and liquid trading option, while he will continue to hold his long-term positions in Ethereum. This strategy may be significant for investors looking to diversify their portfolios based on market trends.
