LATEST: Bitcoin Must Hit $110K to Ignite Altcoin Season Says Arthur Hayes

Crypto markets are gearing up for a surge according to Arthur Hayes co-founder of BitMEX who predicts Bitcoin is on the verge of breaking $110,000 and possibly reaching up to $200,000. Hayes forecasts this significant rally could begin as soon as June or early in the third quarter fueled by increased liquidity and higher trading volumes. He suggests such a rally is essential for a true altcoin boom although warns older cryptocurrencies might lag behind.

Hayes favors Ethereum over Solana for the coming bull market highlighting Ethereum’s stronger developer community deeper fundamentals and superior security from its proof-of-stake model. Despite Solana’s impressive recent gains Ethereum remains his top choice due to its larger ecosystem and higher overall market stability.

Looking further ahead Hayes is bullish on Bitcoin’s long-term potential projecting a staggering $1 million price by the end of a possible second Trump presidency in 2028. He argues excessive dollar liquidity from U.S. government financial strategies will boost Bitcoin and other risk assets significantly in the years ahead.

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