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Arthur Hayes, co-founder of BitMEX, is of the opinion that Bitcoin must break above $110,000, ideally $150,000-$200,000, to induce a genuine altcoin season, which may come in the summer or early in Q3 2025 due to enhanced liquidity and trading activity. Hayes feels that this price is critical in respect of getting traders to shift profits from Bitcoin to other cryptocurrencies.
Hayes predicts the next altcoin cycle as selection, as compared to 2021's mass rally, with many older tokens standing no chance of making a comeback due to high valuations, tight float, and a lack of real-world application. Ethereum is likely to do better than Solana according to Hayes on the basis of its stronger fundamentals like higher TVL, higher developer count, and more security on account of its proof-of-stake architecture.
Hayes does share a bullish long-term vision for Bitcoin, indicating that it may hit $250,000 by the end of 2025 and $1 million in 2028 based on macroeconomic factors like increased liquidity enabled by central bank policy.
