Summer Altcoin Rise: Arthur Hayes' Forecast

Hayes explained that Bitcoin will have to overcome significant levels to begin the active growth phase of altcoins. According to his estimates, a new round of interest will begin upon reaching $110,000, which will intensify with further growth of BTC to $150,000–200,000. This process, according to him, will most likely begin either in mid-summer or in the third quarter.

Despite his optimism, Hayes warns against overly high expectations. He believes that a repeat of the 2021 “bubble” is unlikely, when many tokens demonstrated 100-fold growth. The trader advises to carefully approach the selection of projects. In his opinion, old tokens with an inflated full diluted capitalization (FDV), low liquidity and without tangible use will not show significant growth.

Investors should focus on crypto projects that offer already working products and sustainable economic models. It is such assets, according to Hayes, that will be able to attract capital, which will begin to leave Bitcoin for altcoins as the market strengthens.

In addition to the forecast for altcoins, Hayes also confirmed his long-term assessment for Bitcoin. He expects BTC to reach $1 million by the end of President Donald Trump's term in 2028. Moreover, in the short term, growth to $200,000 is possible, and by the end of 2025 - to $250,000.

Hayes is convinced that the current economic policy of the US Federal Reserve favors the growth of Bitcoin. In addition, in his opinion, the Trump administration demonstrates a positive attitude towards the cryptocurrency industry. Although legislative changes will take time, the general direction of regulatory policy plays into the hands of the market.

According to CoinMarketCap, at the time of publication, Bitcoin is trading at $103,000, which is 5% below the record of $109,000 set in January of this year.