Arthur Hayes, co-founder of BitMEX, has recommended trading meme coins given the current stability of Bitcoin. Hayes, who historically held a bearish view on BTC's price, has acknowledged his error in predicting a significant price drop. He initially believed that Bitcoin would crash if the Federal Reserve cut interest rates.
Hayes' updated stance reflects the current resilience of Bitcoin in the market, which contrasts with his previous expectations. The crypto influencer's recommendation signals a shift toward exploring alternative digital assets like meme coins for trading opportunities.
The article underscores the evolving nature of crypto market predictions and the fluidity with which influential figures may adapt their strategies and advice based on real-time market behavior.
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