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Arthur Hayes Sold HYPE and NEAR, Mert Mumtaz Says That’s Missing the Point | Markets Outlook

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CoinDesk

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4.7698 Ratings

🗓️ 4 June 2026

⏱️ 19 minutes

🧾️ Download transcript

Summary

Market convictions with Helius' Mert Mumtaz. On today's Markets Outlook, Helius CEO Mert Mumtaz tells CoinDesk's Jennifer Sanasie why he's tuning out the noise and staying convicted on Zcash, Solana, BTC and Hyperliquid. Plus, he weighs in on the Arthur Hayes drama, the Clarity Act, and why Bitcoin's transparency is actually a long-term vulnerability. - Timecodes: 00:00 - Institutional Capital Rotating into AI IPOs 01:53 - Met's 'Shield and Chill' Strategy 04:29 - Responding to Arthur Hayes Selling HYPE and NEAR positions 08:44 - Mert's Zcash Thesis 13:00 - Solana as the "Silicon Valley of Finance" 15:43 - Hyperliquid Thesis - Check out CoinDesk's latest episode of Public Keys from the NYSE: https://youtu.be/Nlp1QLZx0r0 - Register now for CoinDesk’s Policy and Regulation event on September 24, 2026: https://policy-regulation.coindesk.com/. - This episode was hosted by Jennifer Sanasie.

Transcript

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0:00.0

Bitcoin is getting all the attention due to Sailor right now.

0:03.5

But I think Sailor is more of a red herring.

0:05.2

He's just fun to troll, frankly, on Twitter.

0:07.1

But I don't think it's really too much to do with them.

0:10.1

I don't even think it's too much to do with quantum.

0:12.1

I think it's just capital rotation.

0:14.8

And if your time horizon is at least two to three years,

0:18.8

I think it's a great time to pick some stuff up on discount.

0:22.2

Markets move fast, crypto moves faster.

0:33.4

From the floor of the New York Stock Exchange, CoinDesk's public keys tracks the money, markets,

0:39.2

and moves shaping digital assets. Martin Mammtaz, welcome to Market's Outlook.

1:03.8

Thank you for having me.

1:05.2

All right, what a day it is for you to be joining a markets show.

1:09.3

Talk to me about what you're watching today and for the

1:11.8

rest of the week. What I'm watching today and for the rest of the week, well, I'm trying not to

1:17.0

watch too much, to be honest. Obviously, it's not a pretty sight. Obviously, there's going to be

1:22.7

some consolidation in or from the institutional holders of crypto to these IPOs of SpaceX and Anthropic and chat GPT OpenAI.

1:32.3

And I just try not to look at it. Honestly, I think crypto Twitter especially does this thing of trying to time markets and momentum trade and swing trade.

1:43.3

But our time horizon or my time horizon at the

1:45.8

very least is going to be at least two to three years. And just just shield and chill is my

1:52.0

motto. You mentioned these large IPOs that we're expecting, kind of taking the attention

1:58.0

and capital away from everything else.

...

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