Hayes Sees Parabolic Rise for Bitcoin, Boosts ENA and ETHFI
Arthur Hayes, a well-known figure in the cryptocurrency market, has made several bullish predictions about Bitcoin and Ethereum. According to him, a new bull market has begun and he expects a major rise in cryptocurrencies. Hayes believes that Bitcoin is poised for a parabolic increase, which could lead to it reaching 'hundreds of thousands of dollars.'
In an interview on the Altcoin Daily YouTube channel, Hayes stated that Bitcoin will soon experience a full parabolic rise, making it a good time to hold the asset. He also mentioned that base trading, which profits from the price difference between spot and futures markets, is beginning to revive, and this could be particularly positive for Ethereum (ENA) and Ether.fi (ETHFI).
Hayes' Maelstrom fund is in maximum risk mode, and he shared the altcoins they have invested in, including ENA and ETHFI. However, he did warn about one altcoin, but its identity was not specified.