BitMEX co-founder Arthur Hayes, known for his bold statements and predictions in the cryptocurrency market, touched upon stablecoins and altcoins he expects to rise in his latest article.
Arthur Hayes first touched on the importance of stablecoins, saying they are key to re-establishing the dominance of the US dollar.
At this point, Hayes stated that US Treasury Secretary Scott Bessent will utilize stablecoins to reduce the fiscal deficit and strengthen the dominance of the US dollar.
Hayes argued in his blog post that declining confidence in the dollar since the 2008 financial crisis has led central banks to favor gold and reduced demand for U.S. Treasury bonds.
To counter this, Hayes said he predicts Bessent will use stablecoins to encourage individual investors, rather than central banks, to buy U.S. government bonds.
Hayes, who stated that Bessent’s strategy of using stablecoins will ultimately direct trillions of dollars into the cryptocurrency ecosystem, also predicts that it will lead to a boom in the decentralized finance (DeFi) field.
Big Rise in Three Altcoins!
Hayes, who recently resumed buying altcoins following Ethereum’s explosive rise, also listed the altcoins he expects to rise.
Accordingly, Hayes, who recently stated that he expected a 126-fold increase in the altcoin called HYPE, stated that this prediction is still valid.
Stating that he also expects an increase for Ethena (ENA) and Ether.fi (ETHFI), Hayes predicted that ENA and ETHFI will increase 51 times and 34 times, respectively, by 2028.
Hayes recently stated that the stablecoin project he is most excited about is Codex, which will be the first true cryptocurrency bank.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/bitmex-founder-arthur-hayes-reveals-three-altcoins-he-expects-to-gain-big-highs-he-foretold-one/