Arthur Hayes recommended that investors focus on cryptocurrency projects that demonstrate reliable profit models and not use a large amount of borrowed funds.
He also called on voters who own cryptocurrencies to demand practical actions from politicians before supporting them in the US presidential election on November 4.
According to the billionaire, bitcoin and ether have growth potential due to increased liquidity and industry dynamics.
"Strategic investments in the industry and political coordination will contribute to the formation of an upward trend in cryptocurrencies," he said.
Hayes believes that as the price of bitcoin rises, its owners will spend their capital on digital artifacts of cultural value, and not on useless shares of companies.
Despite the continuing uncertainty in the stock market, and especially in the segment of Japanese securities and the yuan, it is not worth expecting the first cryptocurrency to fall below $ 40,000, the expert said.
Earlier, Arthur Hayes expressed the opinion that the US authorities should solve financial problems in a new way, and reserves in the first cryptocurrency are unlikely to be created under any White House administration.