Arthur Hayes, co-founder of BitMEX, made an optimistic prediction about an upcoming altseason amid Bitcoin and Ethereum's records.
Hayes' Changing Position on the Market
Previously cautious due to the U.S. Treasury General Account refilling plan, Hayes has now shifted his stance, noting in a recent post on X:
> "BTC busted through ATH on good volume, ETH is following and will outperform — get ready for a monster alt szn."
Ethereum's Prospects: Is $10,000 Possible?
Hayes believes Ethereum is set for strong growth and could potentially reach $10,000 due to rising corporate adoption and strong on-chain metrics. He notes increasing institutional interest in ETH and signs of bullish divergence, indicating a setup for an explosive rally.
Impact of Stablecoins on Liquidity
In his blog "Quid Pro Stablecoin," Hayes argues that bank-issued stablecoins could unlock $6.8 trillion in liquidity, acting as a "liquidity bazooka" for the U.S. Treasury. Major banks like JPMorgan Chase and Bank of America are expected to accelerate stablecoin adoption.
Arthur Hayes' confidence in a forthcoming altseason is drawing investor attention. With Bitcoin and Ethereum leading the charge, new liquidity drivers are anticipated to initiate significant growth in altcoins.
