By CryptoNews - 2 years ago - Reading Time: 1 minutes
Hayes Says He Aims to Rebalance Portfolio in Favor of Ethereum, Sets New Price Target for ETH
Former BitMEX CEO Arthur Hayes hinted he may rebalance his investments away from bitcoin (BTC) and in favor of Ethereum’s native ETH token, arguing “a massive wall of money” will enter ETH once it is seen as an ESG-friendly, yield-bearing asset to push its price north of USD 10,000.
Writing in a new essay titled Five Ducking Digits, Hayes said that he used to have a portfolio of “50% bitcoin and 50% ether.”...
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Original source: CryptoNews