DeFi

Arthur Hayes spoke about investing in tokens of DeFi projects

Arthur Hayes, CEO of the BitMEX cryptocurrency derivatives exchange, said that amid the popularity of the decentralized finance industry, he also became interested in such tokens.

In an article on his blog, Hayes wrote that he is investing small amounts of money in tokens of decentralized finance (DeFi) projects in order not to miss the wave and gain new knowledge about the field. In his opinion, the risks of losing money are offset by new knowledge and new products. Hayes stated:

“I certainly expect to lose all the money that I have ‘invested’ in any of these projects. But I like to believe that I can read the market sentiment and hit the peak of the token price. Of course, in reality, like most traders, I buy high, then hold, hold still, and hold again, and sell immediately after the peak. “

The BitMEX CEO believes that Yearn Finance (YFI), Aave (LEND) and Polkadot (DOT) are currently the best projects to invest in. As for bitcoin, Hayes expects strong growth of the first cryptocurrency towards the end of the year:

“Financial markets will be in chaos, as politicians try to stay at the trough as much as possible. And, unfortunately, this will lead to long-term consequences for the lives of people around the world. Because of this chaos, people will trust the authorities less and less and look for ways to protect their funds. I’m ready to buy gold and bitcoins. “

Back in September last year, Arthur Hayes expressed the opinion that if the US government prints new dollars, then we should expect the growth of bitcoin.

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Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
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