Arthur Hayes: The importance of narrative in the cryptocurrency market often surpasses the technology itself, and is currently focused on altcoins.

BlockBeats news, on February 22nd, BitMEX co-founder Arthur Hayes stated in his latest blog post that the importance of narratives in the crypto market often exceeds the technology itself, as investors usually rely on others' evaluations and the spread of stories to make investment decisions. As the Chief Investment Officer of Maelstrom, he actually functions more like a "Chief Storyteller," whose job is to tell and spread stories that can generate widespread discussion, in order to achieve success in the cryptocurrency market. Additionally, Hayes stated that a Bitcoin spot ETF and a potentially upcoming Ethereum spot ETF will boost the prices of these two assets, but he himself is shifting his focus to altcoins.