Arthur Hayes Bets on ‘Internet Status’ Over Tech in the Punks vs. ETH Trade This Cycle

Arthur Hayes, co-founder of BitMEX, posted on X that CryptoPunks will outperform Ethereum this cycle in US dollar terms, arguing it’s less about blockchain fundamentals and more about status signaling in the digital age.  He framed it as an “internet status game,” similar to how wealthy individuals buy luxury cars and art to show off. […] The post Arthur Hayes Bets on ‘Internet Status’ Over Tech in the Punks vs. ETH Trade This Cycle appeared first on Coin Edition.