- Arthur Hayes moves his investment capital from memecoins into yield-paying DeFi protocols for better returns.
- He targets 100x returns by 2028, with specific projections for EtherFi, Ethena, and Hyperliquid gains.
Arthur Hayes, former CEO of BitMEX, is changing how he invests. His recent investments included coins named PEPE and MOTHER. Hayes now says these types of assets carry more risk than he wants. He explained this shift in a talk with Kyle Chasse, another investor. Hayes said he is now looking for projects that pay their users directly.
He has talked about a few DeFi protocols before. EtherFi, Ethena, and Hyperliquid are three he has mentioned. Hayes thinks these will do well as stablecoins become more common. He also thinks money looking for yield will move into these areas.
Hayes has a plan for 2028. He wants to make one hundred times his money. He thinks EtherFi could go up thirty-four times. He believes Ethena could rise fifty-one times. His view is that Hyperliquid might see a one hundred thirty times gain. He says this needs a project with real earnings, a useful product, and a fair system for sharing value.
“Investors have punished projects that either never made any money or made money and didn’t give it to tokenholders. We don’t want to touch it,” Hayes said.
He still owns Bitcoin. Hayes called it the top asset in a time of money printing. He thinks one Bitcoin could be worth seven hundred thousand dollars before 2030. But he sees a chance for larger gains in DeFi.
Data from Curvo shows Bitcoin has returned 82.4% per year for ten years. The price is now $115,775. That is a five percent gain from last week. It is still under its highest price of $124,290.
Gold reached a new price of $3,674 per ounce this week. It currently trades at $3,643. The S&P 500 index also set a new record, closing at 6,587.
