Arthur Hayes Says His Fund Trades Altcoins to Buy Bitcoin

Maelstrom CIO and BitMEX co-founder Arthur Hayes said his fund trades altcoins to generate money for additional Bitcoin (BTC) purchases, making Bitcoin accumulation the stated aim of the strategy. Hayes said he has been disappointed with altcoins’ performance in recent years. His earlier comments on profitable protocols focused on projects with paying customers and returns for token holders. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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