{"id":572903,"date":"2024-02-02T09:50:20","date_gmt":"2024-02-02T09:50:20","guid":{"rendered":"https:\/\/wncen.com\/?p=572903"},"modified":"2024-02-02T08:53:59","modified_gmt":"2024-02-02T08:53:59","slug":"forget-bitcoin-this-billionaire-is-betting-big-on-solana-for-2024","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/forget-bitcoin-this-billionaire-is-betting-big-on-solana-for-2024\/","title":{"rendered":"Forget Bitcoin, This Billionaire Is Betting Big On Solana For 2024"},"content":{"rendered":"<p>In the dynamic world of cryptocurrency, Arthur Hayes, the former CEO of BitMEX, is painting an optimistic picture for the potential recovery and growth of Solana in the crypto market. Known for his adept navigation through market fluctuations, Hayes recently shed light on Solana&#8217;s positive trajectory, emerging from the shadows cast by the downfall and legal entanglements of FTX.<\/p>\n<p>Solana (SOL), once the favorite of the now-convicted founder Sam Bankman-Fried, had faced uncertain speculations about its destiny in the aftermath of the FTX collapse. However, Hayes&#8217; sanguine remarks have reignited interest in the network&#8217;s future possibilities.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/stablecoins-surge-usdt-leads-400-million-inflows-signaling-investor-confidence\/\" target=\"_blank\" rel=\"noopener \">Stablecoins Surge: USDT Leads $400 Million Inflows, Signaling Investor Confidence<\/a><\/div>\n<p>With a history of accurate market predictions, Hayes divulged his investment strategy in a recent essay. Within it, he explored the potential downturn of Bitcoin (BTC) and his decision to divest some tokens to minimize losses, including Solana and Bonk tokens.<\/p>\n<h2><strong>Solana Recovery Sparks Hayes&#8217; Optimism For Strategic Altcoin Investments<\/strong><\/h2>\n<p>Hayes envisions a robust investment in Solana and various altcoins if Bitcoin&#8217;s price dips below $35,000, signaling his confidence in Solana&#8217;s prospective recovery and growth.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I think it might be time to get back on the train fam. Maybe after a few US banks bite the dust this weekend. <a href=\"https:\/\/t.co\/SxCwK3BVYB\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/SxCwK3BVYB<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/43283660?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">February 1, 2024<\/a><\/p><\/blockquote>\n<p>Solana&#8217;s market performance has been marked by notable price swings. Following a bullish surge in late 2023, the cryptocurrency experienced a correction in early 2024 but has showcased resilience, maintaining a price indicative of investor trust.<\/p>\n<p>Hayes&#8217; earlier bullish comments on Solana have coincided with a price uptick, adding credibility to his positive outlook. His recent commentary has sparked renewed optimism in the crypto community regarding Solana&#8217;s potential, particularly in the aftermath of the FTX catastrophe.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Fam I have something embarrassing I must admit.<\/p>\n<p>I just bot <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$SOL<\/a>, I know its a Sam-coin piece of dogshit L1 that at this point is just a meme. But it is going up, and I&#8217;m a degen.<\/p>\n<p>Let&#8217;s Fucking Go!<\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/18137161?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">November 2, 2023<\/a><\/p><\/blockquote>\n<p>Emphasizing Solana&#8217;s promise, Hayes took to his social media platforms to express his bullish sentiments, sharing a chart illustrating the cryptocurrency&#8217;s price movements. The post swiftly gained traction, proposing a strategic approach to rejuvenating the Solana market, especially in the face of potential turbulence in the U.S. banking system.<\/p>\n<pre style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/Yyzm4XwZ\/\" width=\"1273\" height=\"522\">Solana currently trading at $100.8881 on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ZUMCtHpo\/?symbol=CRYPTOCAP:XRP\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h2><strong>SOL Rollercoaster: From Correction To Bullish Optimism<\/strong><\/h2>\n<p>Solana&#8217;s journey in the market has been a rollercoaster of highs and lows. Commencing from a modest position in October 2023, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\" target=\"_blank\" rel=\"noopener nofollow\">SOL soared to impressive heights<\/a> by Christmas before undergoing a correction with the onset of the new year. Nevertheless, the digital currency has displayed resilience, charting a course that hints at potential recovery and growth.<\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-572906\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28bbbe.png?resize=640%2C432\" alt=\"\" width=\"640\" height=\"432\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28bbbe.png?w=640 640w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28bbbe.png?w=460 460w\" sizes=\"(max-width: 640px) 100vw, 640px\">SOL price climbs in the last 24 hours. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/xrp-price-poised-for-liftoff-whale-holdings-soar-despite-ripple-hack\/\" target=\"_blank\" rel=\"noopener \">XRP Price Poised For Liftoff? Whale Holdings Soar Despite Ripple Hack<\/a><\/div>\n<p>The former BitMEX big boss Hayes is expressing optimism about Solana&#8217;s recovery and growth potential. His bullish stance, coupled with his market acumen and past successful predictions, has reignited interest and hope within the crypto community regarding Solana&#8217;s future prospects.<\/p>\n<p><em>Featured image from Adobe Stock, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the dynamic world of cryptocurrency, Arthur Hayes, the former CEO of BitMEX, is painting an optimistic picture for the potential recovery and growth of Solana in the crypto market. Known for his adept navigation through market fluctuations, Hayes recently shed light on Solana&#8217;s positive trajectory, emerging from the shadows cast by the downfall and legal entanglements of FTX. Solana (SOL), once the favorite of the now-convicted founder Sam Bankman-Fried, had faced uncertain speculations about its destiny in the aftermath of the FTX collapse. However, Hayes&#8217; sanguine remarks have reignited interest in the network&#8217;s future possibilities. Related Reading: Stablecoins Surge: USDT Leads $400 Million Inflows, Signaling Investor Confidence With a history of accurate market predictions, Hayes divulged his investment strategy in a recent essay. Within it, he explored the potential downturn of Bitcoin (BTC) and his decision to divest some tokens to minimize losses, including Solana and Bonk tokens. Solana Recovery Sparks Hayes&#8217; Optimism For Strategic Altcoin Investments Hayes envisions a robust investment in Solana and various altcoins if Bitcoin&#8217;s price dips below $35,000, signaling his confidence in Solana&#8217;s prospective recovery and growth. I think it might be time to get back on the train fam. Maybe after a few US banks bite the dust this weekend. pic.twitter.com\/SxCwK3BVYB \u2014 Arthur Hayes (@CryptoHayes) February 1, 2024 Solana&#8217;s market performance has been marked by notable price swings. Following a bullish surge in late 2023, the cryptocurrency experienced a correction in early 2024 but has showcased resilience, maintaining a price indicative of investor trust. Hayes&#8217; earlier bullish comments on Solana have coincided with a price uptick, adding credibility to his positive outlook. His recent commentary has sparked renewed optimism in the crypto community regarding Solana&#8217;s potential, particularly in the aftermath of the FTX catastrophe. Fam I have something embarrassing I must admit. I just bot $SOL, I know its a Sam-coin piece of dogshit L1 that at this point is just a meme. But it is going up, and I&#8217;m a degen. Let&#8217;s Fucking Go! \u2014 Arthur Hayes (@CryptoHayes) November 2, 2023 Emphasizing Solana&#8217;s promise, Hayes took to his social media platforms to express his bullish sentiments, sharing a chart illustrating the cryptocurrency&#8217;s price movements. The post swiftly gained traction, proposing a strategic approach to rejuvenating the Solana market, especially in the face of potential turbulence in the U.S. banking system. Solana currently trading at $100.8881 on the daily chart: TradingView.com SOL Rollercoaster: From Correction To Bullish Optimism Solana&#8217;s journey in the market has been a rollercoaster of highs and lows. Commencing from a modest position in October 2023, SOL soared to impressive heights by Christmas before undergoing a correction with the onset of the new year. Nevertheless, the digital currency has displayed resilience, charting a course that hints at potential recovery and growth. SOL price climbs in the last 24 hours. Source: Coingecko Related Reading: XRP Price Poised For Liftoff? Whale Holdings Soar Despite Ripple Hack The former BitMEX big boss Hayes is expressing optimism about Solana&#8217;s recovery and growth potential. His bullish stance, coupled with his market acumen and past successful predictions, has reignited interest and hope within the crypto community regarding Solana&#8217;s future prospects. Featured image from Adobe Stock, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":572913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[230,6664,71704,12837,83626,86410],"class_list":["post-572903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arthur-hayes","tag-crypto","tag-ftx","tag-sol","tag-solana","tag-solusd"],"acf":[],"yoast_head":"\n<title>Forget Bitcoin, This Billionaire Is Betting Big On Solana For 2024<\/title>\n<meta name=\"description\" content=\"In the dynamic world of cryptocurrency, Arthur Hayes, the former CEO of BitMEX, is painting an optimistic picture for the potential recovery and growth of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Forget Bitcoin, This Billionaire Is Betting Big On Solana For 2024","url":"http:\/\/wncen.com\/news\/forget-bitcoin-this-billionaire-is-betting-big-on-solana-for-2024\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/forget-bitcoin-this-billionaire-is-betting-big-on-solana-for-2024\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/1_56717a.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/1_56717a.jpg?fit=553%2C360"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["arthur hayes","crypto","ftx","sol","solana","solusd"],"dateCreated":"2024-02-02T09:50:20Z","datePublished":"2024-02-02T09:50:20Z","dateModified":"2024-02-02T09:50:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Forget Bitcoin, This Billionaire Is Betting Big On Solana For 2024\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/forget-bitcoin-this-billionaire-is-betting-big-on-solana-for-2024\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/forget-bitcoin-this-billionaire-is-betting-big-on-solana-for-2024\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/1_56717a.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/1_56717a.jpg?fit=553%2C360\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"arthur hayes\",\"crypto\",\"ftx\",\"sol\",\"solana\",\"solusd\"],\"dateCreated\":\"2024-02-02T09:50:20Z\",\"datePublished\":\"2024-02-02T09:50:20Z\",\"dateModified\":\"2024-02-02T09:50:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/1_56717a.jpg?fit=553%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572903"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=572903"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/572913"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=572903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=572903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=572903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}