On October 28, Arthur Hayes, the founder of BitMEX, commented on the potential impact of the US election results on cryptocurrency investments. He revealed that the family office Maelstrom has allocated 5% of its portfolio to USDe (Ethena USD), predicting an attractive yield of approximately 13%. Hayes emphasized a strategic focus on maintaining substantial long positions in key digital assets including Bitcoin and Ethereum, as well as several other tokens. He indicated that the fund plans to utilize all allocated sUSDe for cryptocurrency investments once the election outcomes become definitive and the losing party acknowledges the results. Interestingly, Hayes remarked that the immediate victor is less significant to his investment strategy, suggesting a broader confidence in the market’s resilience irrespective of electoral outcomes. This perspective highlights the evolving landscape of crypto investments amidst geopolitical uncertainties.
Source: https://en.coinotag.com/breakingnews/bitmex-founder-arthur-hayes-reveals-maelstroms-strategic-5-investment-in-usde-amid-us-election-uncertainty/