Co-founder of the BitMEX exchange and crypto expert Arthur Hayes confessed on X (formerly Twitter) that he sold his SOL portfolio. Instead, he acquired Ethereum, believing in its price surge to $5000.
“I must confess. I had a vision from God while meditating. He told me, ‘Leave Sam’s [Bankman-Fried] coins and bow before Archangel Vitalik [Buterin].’ So, I sold SOL and bought Ethereum. The asset will reach $5000,” stated Hayes.
It’s worth noting the close association between Solana and the former CEO of FTX, Sam Bankman-Fried. He supported the project with investments, and after the bankruptcy of his exchange, the Total Value Locked (TVL) of the network plummeted from $10 billion to $300 million within a few days.
The expert has not been shy about criticizing SOL tokens and the ecosystem as a whole. In early November 2023, the asset’s price surged by 39% in a week. At that time, Hayes declared the project a scam but still chose to invest in it.
It’s worth noting that since the beginning of 2023, the SOL price has increased by 660%, rising from $9.9 to $93 at the time of writing, according to TradingView.
Interestingly, Hayes’s forecast stands out even among the boldest expectations of Ethereum maximalists. For instance, experts at Matrixport predicted a price increase for the asset only up to $3000.
Earlier, Arthur Hayes stated that in 2026, the price of Bitcoin would skyrocket to over $750,000.
