On May 19, Arthur Hayes – former CEO of the cryptocurrency derivative exchange BitMEX – noted that the "altcoin season" will truly begin when Bitcoin surpasses the price of $110,000 and continues to maintain its upward momentum with strong trading volume, targeting the price range from $150,000 to $200,000.
He predicted that this scenario is likely to occur in the summer of this year or early Q3. At that time, capital will begin to flow into Altcoins, opening a strong growth phase for the cryptocurrency market outside of Bitcoin. In terms of long-term forecast, Hayes expressed confidence in the strong price appreciation potential of Ethereum (ETH) during the 18 to 24-month market growth cycle. According to him, ETH could outperform Solana (SOL) during this period.
Notably, he predicted that Bitcoin will reach $1 million by the end of Donald Trump's term, which is before the end of 2028. Specifically in 2025, Hayes expects Bitcoin to reach a price target of around $250,000 – reflecting a strong belief in the significant expansion of the cryptocurrency market in the context of a new growth cycle.
Additionally, Arthur Hayes also revealed that gold currently accounts for about 20% of his personal investment portfolio – a defensive choice in the context of volatile global financial markets.
