TechFlow news — On November 3, according to Cryptobriefing, Arthur Hayes, co-founder of BitMEX, expressed bullish sentiment toward Solana ahead of the U.S. election. During an episode of the Unchained podcast, he referred to Solana as a "high-beta version of Bitcoin." With only days remaining before the election, Hayes explained that Solana is a favorable choice due to its strong liquidity, noting that if Bitcoin performs well, Solana is likely to rise accordingly.
Moreover, Hayes stated that in the long run, it doesn't matter who wins the U.S. election, as the primary impact on digital assets will be the Federal Reserve's decision on whether to cut interest rates on November 7.
Hayes also indicated that he is more optimistic about SOL than ETH, arguing that Ethereum is currently "too slow" and needs a shift in narrative to change market perceptions regarding its poor performance over recent months. Regardless of political shifts, significant improvements in cryptocurrency regulation are unlikely, and investors should focus more on market fundamentals rather than political developments, which typically exert only temporary effects on market dynamics.
