Arthur Hayes, who has been much talked about with the crypto coins he has recently proposed and even received reactions from time to time, stated that he sold all but one of the meme coins he had. In his latest blog post, Hayes stated that only a meme coin called Church of Smoking Chicken Fish (SCF) remained in his hands.

“I sold it when I sent the missiles”

Stating that he sold most of his meme coins on the day Iran sent ballistic missiles to Israel in the Middle East tensions, Hayes said:

“I am prepared for big drops in every position I hold. As you know, I have bought a lot of meme coins recently. I sold them when Iran sent missiles to Israel. I had a lot of meme coins. There was too much money inside. We know how crypto reacts to such events in the short term, and if I lost big money from a few joke coins, I would be very demoralised. I would be angry. Right now I’m just holding a meme coin called Church of Smoking Chicken Fish (SCF)”

“Not every coin may benefit from the Bitcoin rise”

Stating that the rise of Bitcoin is important, but it cannot be predicted how much it will be reflected in other coins, Hayes stated that he thinks the war developments in the Middle East will benefit the biggest cryptocurrency:

“Rising tensions in the Middle East do not damage the critical physical infrastructure that supports crypto. As energy prices go up, crypto and Bitcoin will also rise. Every war in which the US is involved will lead to more debt and more money printing. Trillions of newly printed dollars will give more petrol to the Bitcoin bull season. However, keep in mind that just because Bitcoin is rising does not mean that every ‘shitcoin’ will also rise. The rule of the game is to take every position appropriately and to distribute appropriately.”