Key dealers
- Arthur Hayes expects Altcoin rotation after Bitcoin tops $ 110,000.
- Hayes predicts that Bitcoin reaches $ 1 million in 2028 and coincides with the end of Trump’s presidency.
Bitcoin has to break through $ 110,000 and rally against the range of 150,000- $ 200,000 on the rising trade volume for the Alt season to begin, says Bitmex founder Arthur Hayes in a new interview with Fortune Crypto.
“I think it happens sometime in the summer or the beginning of the third quarter, and then the rotation starts in different altcoins,” hayes notedWhen asked what level Bitcoin needs to reach to trigger an Altcoin rally.
The alt season describes the market phase where Altcoins surpass Bitcoin, historically occurs after BTC collections when traders move capital from BTC to Altcoins who are looking for a larger upside.
Bitcoin has led the market in recent weeks, but altcoins have been slower to answer.
According to Hayes, unlike the explosive Altcoin rally 2021, where almost every symbol that grew regardless of basic, the next bike will probably be more selective.
He believes that a new story will drive attention and speculative trade in specific assets, but warns that many “Dino coins” are unlikely to recover.
“Many of these coins have high FDV, low float, no customers, no revenue, just a few CEX lists, which went down 95%, I don’t really see why they should do well in the next bike,” he added.
Hayes, who now manages the Maelstrom Fund after gets a pardon From President Donald Trump earlier this year, Bitcoin expects to climb to $ 200,000 in his next wave and reach $ 250,000 at the end of the year.
He projects Bitcoin will hit $ 1 million by 2028, just as Trump’s mandate will conclude.
Bitcoin logged his highest weekly running On May 18, over $ 106,000 ended and extend its winning line to six weeks in a row. The rally has been driven by persistent inflows in Tot Bitcoin ETFs and a steady demand for companies.
On Sunday, Bitcoin moved shortly $ 107,000 before retiring. At the time of writing, it was close to $ 103,000, about 6% during its highest time of $ 109,500, set in January.
Hayes maintains a large position in gold, he revealed during the interview, with about 20% of his portfolio assigned to the availability.
His holding includes physical gold stored in a vault as well as significant investments in gold mining shares, which he believes remain undervalued despite the metal’s rising prices.
At Ethereum versus Solana, Hayes Ethereum’s prospects favor. The analyst believes that Ethereum’s underlying basic and ecosystem strength makes it a better investment than Solana in the near future, despite its latest price match and the criticism it faces.
“I think Ethereum could surpass Soana during this next type of 18-24 months of bull driving,” he said.