What price does Bitcoin need to reach to trigger an altcoin rally?

Arthur Hayes: I believe Bitcoin needs to break through $110,000 and continue to rise to the $150,000–$200,000 range. I anticipate this situation will occur in the summer or early third quarter of this year, after which funds will start rotating into various altcoins.

Q4: Expectations for bull market gains

Anna: Do you think the upcoming altcoin rally will see a crazy supercycle surge like in 2021? Or will it only see a slight rebound?

Arthur Hayes: It's unlikely to replicate the 100-fold surge of all coins like in 2021. The market will have new narrative hotspots, and certain coins may skyrocket, but there’s a reason why those long-stagnant 'dinosaur coins' in your portfolio aren't rising. Many projects have inflated valuations, low circulation, and lack real users and revenue, relying solely on exchange listings for speculation. Now their prices have dropped by 95%, and I don't believe they will perform well in the next cycle.