Arthur Hayes Says Ethereum Is His Second-Largest Holding, Sees Potential Rally Past $5,000

BitcoinWorld Arthur Hayes Says Ethereum Is His Second-Largest Holding, Sees Potential Rally Past $5,000 BitMEX co-founder Arthur Hayes has revealed that Ethereum is now his second-largest cryptocurrency holding, trailing only Bitcoin.

In an interview with crypto journalist Laura Shin, Hayes discussed his portfolio allocation and expressed optimism about ETH’s potential to reach new highs, despite its underperformance in the last market cycle. Hayes’s Portfolio Shift: Why Ethereum?

Hayes explained that Ethereum, despite being the second-largest cryptocurrency by market capitalization, has not yet surpassed its 2021 all-time high. This relative lag, in his view, presents a significant opportunity for catch-up.

He emphasized that compared to other altcoins, Ethereum carries a much lower risk of falling to zero, making it suitable for large-scale investment. This rationale aligns with his broader strategy of favoring established assets with proven utility and network effects.