Arthur Hayes Predicts Bitcoin Surge Could Ignite Altcoin Season

BitMEX co-founder Arthur Hayes has outlined bold predictions for the cryptocurrency market, suggesting that Bitcoin must break above $110,000 and push toward the $150,000–$200,000 range for a true altcoin season to begin. Hayes believes this breakout could take place as early as June or during the start of Q3, driven by increased liquidity and growing trading volumes.

In a recent interview, Hayes, who now operates his family office, Maelstrom, explained that the next altcoin cycle will differ significantly from the explosive growth seen in 2021. He warned investors to be cautious about holding older tokens, which he referred to as “dino coins.” According to Hayes, many of these coins are unlikely to recover due to factors such as high fully diluted valuations, limited market float, and a lack of real-world utility or revenue. He remarked,

“You probably have a bunch of coins in your portfolio that went down 95%, and they’re not moving for a reason.”

Ethereum vs. Solana: Hayes’ Take

When asked to compare Ethereum (ETH) and Solana (SOL), Hayes expressed confidence in Ethereum’s ability to outperform during the upcoming bull cycle. While Solana has demonstrated substantial growth, climbing from $7 to over $170 in past cycles, Hayes emphasized Ethereum’s strong fundamentals as a deciding factor. He cited Ethereum’s high total value locked (TVL), the largest developer community, and superior security from its proof-of-stake (PoS) design as key advantages over Solana.

Long-Term Bitcoin Price Predictions

Hayes also reiterated his long-term bullish outlook for Bitcoin (BTC), forecasting that the leading cryptocurrency could reach $1 million by the end of Donald Trump’s potential second term in 2028. For this year, Hayes envisions Bitcoin climbing to approximately $250,000, fueled by macroeconomic factors and increasing adoption.

Macro Trends Favoring Bitcoin

On the macroeconomic front, Hayes criticized U.S. Treasury strategies, claiming they obscure the country’s true borrowing needs. He argued that the government’s reliance on draining cash reserves and tapping underfunded programs creates excess dollar liquidity, which benefits Bitcoin and other risk assets. This environment, according to Hayes, positions Bitcoin as a hedge against inflation and fiscal mismanagement.

Gold’s Role in Hayes’ Portfolio

In addition to his cryptocurrency investments, Hayes revealed that gold constitutes 20% of his portfolio, which includes physical holdings and mining stocks. He expects central banks to continue accumulating gold, potentially leading to a significant revaluation of the asset. Hayes projects that gold could reach $10,000–$20,000 before the current market cycle concludes. He believes such a revaluation could weaken the U.S. dollar, further boosting the appeal of alternative assets like Bitcoin and gold.

Bitcoin’s Current Price Action

As of now, Bitcoin is trading near $103,000, approximately 6% below its all-time high of $108,786, which was set earlier this year. If Hayes’ predictions materialize, Bitcoin could see substantial upward momentum, potentially paving the way for a vibrant altcoin market.

Stay informed on the latest cryptocurrency trends and market insights to make informed investment decisions in this evolving space.

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