# Arthur Hayes Says His Fund Trades Altcoins to Buy Bitcoin By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/34085 Published: 2026-10-17T15:42:49.000Z Updated: 2026-10-17T15:42:49.000Z Section: Investing > Hayes has been disappointed with altcoin performance in recent years and has previously discussed profitable DeFi protocols. Maelstrom CIO and BitMEX co-founder Arthur Hayes said his fund trades altcoins to generate money for additional Bitcoin (BTC) purchases, making Bitcoin accumulation the stated aim of the strategy. Hayes said he has been disappointed with altcoins’ performance in recent years. Hayes discussed DeFi protocols that remained active since 2020. His earlier comments on [profitable protocols]() focused on projects with paying customers and returns for token holders. ## Links in this article - [profitable protocols](https://www.tokenpost.com/news/people/32267)