On May 15, BitMEX co-founder Arthur Hayes released a latest article stating, "At the macro level, as the Chief Investment Officer of Maelstrom, I have completed my work. I reduced risk and raised fiat currency in late January. Then, I gradually re-entered the market from late March to early April. During the financial market crash in the week of Liberation Day, we went all in long on crypto exposure. Now is the time to determine which quality shit coins can outperform Bitcoin in the next stage of the bull market.
I believe this time the market will reward shit coins with real users, those paying real money for products or services, and protocols that return part of the profits to token holders. Two projects stand out, which Maelstrom bought at the bottom: Pendle and ETHFI. Pendle will dominate crypto fixed income trading, which in my view is the largest underdeveloped opportunity in the crypto capital markets. Ether.fi will become the American Express of crypto, a prototype crypto financial institution for wealthy holders. I will further comment on these shit coins in an upcoming article.
Just because I believe Bitcoin will reach $1 million does not mean there won't be opportunities to short tactically. Capital controls and money printing are imminent, but the road from here to there is rough. The Trump team is not fully supportive of capital controls, so those who believe Trump should take the empire in a different direction are expected to regain their footing. Trump has no fixed ideology; he responds to constraints and achieves goals circuitously. Therefore, the trend is your friend until it is not."
