• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Former BitMEX CEO Arthur Hayes Adjusts Bitcoin Predictions Following Market Surge

user avatar

by Giorgi Kostiuk

7 hours ago


Arthur Hayes, former CEO of BitMEX, has changed his view on Bitcoin in light of its recent breakout to new all-time highs. He has shared new expectations regarding altcoins and the overall market.

Hayes's Change of Mind on Bitcoin

On July 11, Hayes referred to Bitcoin’s breakout to new all-time highs as a key turning point. Previously, he had warned of the negative impact that the U.S. Treasury's cash balance rebuilding could have on the market. However, recent events, including increased Bitcoin trading volumes, have shifted his outlook. In his post, he stated: CITE_NA 'I was slightly bearish in my last essay due to TGA refill. What changed? Bitcoin busted through ATH on good volume.'

Expectations for Ethereum and Altcoins

Hayes anticipates that Ethereum may take the lead from here, diverging from Bitcoin, and predicts that a long-awaited altcoin season is near. He emphasized that current market conditions and the expected easing of tariffs by President Trump could support global trade and enhance overall market performance. Hayes said: CITE_NA 'Get ready for a monster alt szn.'

Long-term Predictions and Market Status

Hayes has always been bullish on Bitcoin's future, forecasting a price of around $250,000 by the end of this year, with a potential path to $1 million by the end of Trump's current term in 2028. Amid the ongoing rally, several altcoins such as SEI, SUI, and HBAR have surged between 10% and 20%. Although the CMC altcoin dominance index shows Bitcoin's prevalence, analysts suggest that the altcoin season has already begun.

In summary, Arthur Hayes has revised his perspective on Bitcoin, now predicting growth for both the asset and altcoins in the short term. The current market situation signals the potential for significant changes in the near future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Overview of Meme Coins with High ROI: MoonBull and Others

chest

Meme coins like MoonBull and Snek attract investor attention with their innovations and return opportunities. Learn more.

user avatarGiorgi Kostiuk

Peter Brandt Forecasts Optimistic Growth for XRP

chest

Peter Brandt makes an optimistic prediction for XRP, highlighting signals for potential price increase.

user avatarGiorgi Kostiuk

Upexi Completes $200 Million Investment Round to Boost Position in Solana Ecosystem

chest

Upexi raised $200 million to increase holdings in Solana, supporting operational growth and treasury initiatives.

user avatarGiorgi Kostiuk

Why Bank of America Recommends Buying AUD/USD?

chest

Bank of America recommends buying AUD/USD based on a positive outlook for China's economy and increased demand for Australian commodities.

user avatarGiorgi Kostiuk

Shanghai SASAC Shifts Stance on Stablecoins Amid Regulatory Discussions

chest

Shanghai explores stablecoins, including yuan-backed solutions, against the backdrop of ongoing crypto ban discussions.

user avatarGiorgi Kostiuk

Bitcoin Could Reach $124,000 by 2025, Analysts Suggest

chest

Analysts suggest Bitcoin could rise to $124,000 by 2025, attracting the attention of investors and institutional players.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.