Arthur Hayes: During the U.S. election, Solana will be "high beta Bitcoin."

ChainCatcher news, BitMEX co-founder Arthur Hayes is optimistic about Solana ahead of the U.S. elections, calling it "high beta Bitcoin" on the Unchained podcast. With only a few days left until the election, Hayes explained that Solana is a good choice due to its strong liquidity, and if Bitcoin performs well, Solana is likely to rise.

Additionally, Hayes stated that, in the long run, who wins the U.S. election is not important, 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 expressed a preference for SOL over ETH, believing that Ethereum is currently "too slow" and needs a narrative change to alter perceptions of its poor performance in recent months.

Regardless of political changes, significant improvements in cryptocurrency regulation are unlikely, and he advised investors to focus more on market fundamentals rather than political developments, as the latter often only have a temporary impact on market dynamics.