BitMEX Founder Arthur Hayes Loses Hope in Ethereum! “These Altcoins Could Replace ETH!”
Recent statements from Arthur Hayes, co-founder of BitMEX, known for his support of Bitcoin (BTC) and altcoins, have come as a surprise.
Arthur Hayes claimed that Ethereum could fall out of the top three by market capitalization.
In a recent interview, Hayes claimed that Ethereum ($ETH) will fall out of the top three cryptocurrencies by market capitalization by 2030.
In contrast, Hayes believes that Ethereum could be replaced by one of the AI-focused altcoins.
At this point, Hayes notes that AI-powered projects like Render Network and Fetch.ai are attracting attention. He also states that the AI-powered crypto sector will grow by 250% in the first half of 2024, compared to Ethereum’s 40% growth, which could change investors’ perceptions of digital asset value.
According to Hayes, if an AI-based altcoin replaces Ethereum, it could lead to $ETH investors also turning to AI tokens, redistributing capital within the crypto ecosystem. This, in turn, could increase interest in the AI sector and attract new investors.
*This is not investment advice.
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