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Arthur Hayes' fund bets on USDe to hedge against the uncertainty of the U.S. election, continuing to be bullish on BTC and ETH

Arthur Hayes' fund bets on USDe to hedge against the uncertainty of the U.S. election, continuing to be bullish on BTC and ETH

Bitget2024/10/28 10:49

PANews reported on October 28th, according to CoinDesk, the digital asset investment fund Maelstrom managed by BitMEX co-founder Arthur Hayes is preparing for the uncertainty of the upcoming U.S. election by allocating 5% of its funds to USDe stablecoin collateral from Ethena Labs, with an annual return rate of about 13%.

Hayes stated that once the election results are clear and accepted by the losing party, the fund plans to transfer these funds into cryptocurrency investments.

In addition, Maelstrom still holds a large number of long positions in cryptocurrencies such as Bitcoin and Ethereum.

Hayes predicts that if social unrest occurs after the election, there may be greater volatility in crypto markets. However, he pointed out that regardless of whether Trump or Harris wins, America's deficit will continue to rise which would benefit safe-haven assets like Bitcoin.

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