TechFlow news, October 16 — Arthur Hayes, co-founder of BitMEX, stated in his latest article that due to escalating geopolitical risks, he has significantly reduced his previously purchased meme tokens. Currently, the only meme token he holds is SCF.
Hayes noted that given the tensions in the Middle East, particularly the escalating conflict between Iran and Israel, he is prepared for substantial depreciation of his holdings. Nevertheless, he has not instructed Akshat, investment manager of his fund Maelstrom, to slow down or halt investments in presale tokens.
Regarding Maelstrom’s idle fiat capital, Hayes plans to stake it on the Ethena platform to earn attractive interest returns while awaiting favorable opportunities to invest in various less-liquid cryptocurrencies.
