Arthur Hayes, co-founder of BitMEX, recently urged the cryptocurrency market to prioritize real value and financial performance over speculative hype. He believes that projects generating revenue and clients are better positioned for long-term growth. Hayes emphasizes the importance of tangible benefits like buybacks and token burns, claiming this is the ‘fundamental season’ in crypto. He cites Bitcoin’s potential, forecasting a million-dollar price by 2028 based on its growing liquidity.
In a recent tweet, Hayes called out projects lacking clients or revenue, stating that the current market environment requires a shift towards financial viability over speculation. He urged for token buybacks and burns, where companies repurchase their own tokens from the market, as these actions directly contribute to value generation and long-term growth.
Hayes’s message highlights his focus on projects demonstrating genuine cash flow instead of purely speculative trading. He believes this approach will ultimately drive sustainable success in the crypto sphere.