- Arthur Hayes said that the ethereum rivals have huge fundamental challenges amid the current crypto downtown.
- In his recent interview with Real Vision’s Raoul Pal, he discussed the intersection of macro and crypto.
The Deep Dive of ‘Arthur’ and ‘Raoul’ on Crypto
The BitMEX Founder, Arthur Hayes recently became a part of the latest interview with Raoul Pal, the Founder of Real Vision, on September 30, 2022. During the interview he said that the layer-1 Ethereum (ETH) rivals saw its first big test last bull run and face another test in between the current crypto downtown.
Arthur, retweeted the post of Raoul on his official Twitter account, where one can find the whole interview, that is named as “The Macro King Arthur of crypto”. It is free for everyone and available on the official site of Real Vision.
The Interview Highlights
Arthur pointed towards the current market situation of crypto. In his recent interview he started with “Okay, well show me the users. Show me somebody willing to pay real money to use your service.’ I think that’s where we’re at right now.”
He furthermore referred to the current market drop and said, “If I’m looking at a top 20 market cap asset, and it’s down 95%, will it survive to the next cycle? Will it survive the next two years? How much money did they raise? If the answer is yes, buy it. Worst case, it goes down to zero. Best case, it goes up 10x, 20x.”
Arthur concluded his words by saying about the rise of crypto and added “On the rebound of crypto when the next cycle begins, everything that fell the most is going to rise the most just by the path of dependency of how returns work. So yeah, I guess this doesn’t change in most of these things. Most of them will fail, you don’t really care, it’s really just a numbers game.”
Source: https://www.thecoinrepublic.com/2022/10/03/ethereum-rivals-has-big-fundamental-challenges-said-bitmex-founder/