Arthur Hayes: The bull market may continue until 2028, with a focus on Ethena, Hyperliquid, Ether.Fi, and Codex

Odaily Planet Daily reported today that at the WebX 2025 conference in Tokyo, Japan, Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, expressed particular interest in four projects: Ethena, Hyperliquiqui, Ether.Fi, and Codex. These platforms not only provide income opportunities for stablecoin holders but also enable financial services that are not feasible in the traditional financial system.

Arthur Hayes also stated that the current bull market could last until 2028. By then, the supply of stablecoins is expected to reach $10 trillion, and the federal funds rate will fall to 2%. DeFi projects are expected to see significant capital inflows during this period. Investors should monitor the migration of funds from centralized exchanges to decentralized platforms, as well as the expansion of new financial services within the stablecoin ecosystem.