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Bitcoin at $110K Could Trigger Altseason, Says Arthur Hayes

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Bitcoin at $110K: The Altseason You’ve Been Waiting For, Or Just More Hype?

Arthur Hayes, the old captain of BitMEX, has popped his head up again, and surprise, surprise, he’s making bold predictions about the crypto world. According to the man, the altcoin fiesta won’t kick off until Bitcoin hits the sweet spot of $110,000. And hold onto your hats—he’s thinking the party could last all the way to $150,000, maybe even $200,000. In an interview with Fortune, Hayes laid out his vision of the future, which is as sunny as a summer day in the middle of a tornado.

Currently, Bitcoin is just lounging around below $103,000, a mere hop, skip, and jump from its previous high of almost $109,000. But don’t get too comfortable. Hayes reckons that unless Bitcoin manages to break through the $110,000 mark and keep climbing, altcoins are going to keep hitting snooze on their big breakout moment. He expects all this excitement to unfold as early as June, or maybe after a couple more months of liquidity doing its little dance.

Now, before you start daydreaming about another 2021-style altcoin orgy, Hayes is here to burst your bubble. He’s not expecting the same wild ride where every altcoin and its grandma was soaring to the moon. No, no—this time, it’s gonna be different. Hayes predicts that many of the older, dusty coins—those “dino coins”—are probably toast. Those coins with sky-high valuations, no real users, and about as much substance as a wet paper towel? Yeah, they’re done for.

“If your portfolio’s not moving, well, it’s probably not moving for a reason,” Hayes says, cutting through the crypto fluff like a hot knife through butter. “Most of those coins have high FDV, no customers, no revenue, just a couple of exchange listings. And guess what? They’re down 95%. Not the kind of coins you want to bet your farm on, pal.”

And as for the eternal debate of Ethereum versus Solana? Well, you guessed it—Hayes is sticking with Ethereum. While he acknowledges Solana’s meteoric rise from $7 to over $170, he still thinks ETH is the real deal, with more developers, the most total value locked (TVL), and better security thanks to its fancy proof-of-stake model. In simple terms? Ethereum is the tortoise, and Solana is the rabbit, just waiting to crash and burn.

But wait, there’s more! Hayes is sticking with his outrageous Bitcoin prediction—$1 million by 2028, especially if Donald Trump somehow finds his way back into the White House. For this year? A modest $250,000. And how does he justify this crazy optimism? Well, he’s not impressed with the U.S. Treasury’s handling of things. According to him, the government’s been dipping into reserves and hiding its true spending, which, surprise, surprise, ends up increasing dollar liquidity. And you know who loves that? Bitcoin and gold. They’re basically sitting at the table, licking their lips.

Speaking of gold, Hayes is no fool. He’s got about 20% of his personal portfolio sitting pretty in gold—both physical and mining stocks. And guess what? He thinks central banks will keep gobbling it up. Hayes even thinks the U.S. might start revaluing its gold reserves just to mess with the dollar. His target for gold by the end of this cycle? Somewhere between $10,000 and $20,000. Not too shabby, right?

So, in conclusion, Hayes sees an interesting market setup ahead, but don’t expect a rerun of the last bull run. Bitcoin has to lead the charge, and only the lucky altcoins will hitch a ride. Get ready, folks—this rollercoaster is about to start moving. Hold on tight!

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2025-05-19 13:59

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