Former BitMEX CEO Arthur Hayes has drawn attention by publishing a new article on the cryptocurrency markets. Hayes, one of the most well-known names in the Bitcoin and altcoin world, predicts that the aggressive liquidity injection by the US Treasury Department will trigger a major crypto bull run in 2025.
Arthur Hayes spoke about the Bitcoin and altcoin rally
According to Hayes, the estimated $301 billion to $1.05 trillion in liquidity that the US Treasury Department will release by the end of the year will save Bitcoin from the recent decline caused by the strengthening Japanese yen. Moreover, this liquidity injection will create a bull market by lifting not only Bitcoin but also various risky assets with the impact of the US elections in November. Hayes claims that Bitcoin could reach the $100,000 level in this scenario.
Another question that investors have been wondering about for a long time is when altcoins will recover. Hayes also makes a clear prediction on this subject. According to him, the altcoin rally will not start until Bitcoin exceeds $ 70,000 and Ethereum exceeds $ 4,000. “Although Bitcoin and Ethereum have been correcting since April, they have escaped the carnage experienced by the altcoin market. At this point, altcoins will only return after Bitcoin and Ethereum exceed $ 70,000 and $ 4,000, respectively. Solana will rise above $ 250, but considering the relative market value, the wealth effect of Solana’s rise on the entire crypto market is not as strong as that of Bitcoin and Ethereum,” said Hayes, and he expects cryptocurrencies to break out of their downward trajectory starting in September.
Will Hayes’ expectations be met?
As a result, Arthur Hayes, one of the leading names in the cryptocurrency markets, has set out the conditions required for the altcoin season to begin with a new article. According to Hayes, Bitcoin and Ethereum exceeding certain levels will also cause altcoins to recover. Hayes emphasizes that Bitcoin exceeding $70,000 and Ethereum exceeding $4,000 are critical for the return of the altcoin season. The demand for these two major cryptocurrencies, especially from exchange-traded funds (ETFs) in the US, supports Bitcoin and Ethereum despite the declines in the altcoin market.
Hayes, who stated that other altcoins like Solana could also rise, said that Solana could exceed $250, but that this would not have as big an impact as Bitcoin and Ethereum. According to Hayes, a Bitcoin and Ethereum rally towards the end of the year will pave the way for a new revival in the altcoin market. These ambitious predictions by Arthur Hayes have started a new discussion in the cryptocurrency markets. While investors closely follow Hayes’ predictions, they are also curious about how the US economy, monetary policies and geopolitical developments may affect these predictions. However, it should not be forgotten that cryptocurrency markets are extremely volatile and past performance is not an indicator of the future. Therefore, when making investment decisions, one should be careful and consult a professional financial advisor.
To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channel
