Arthur Hayes: “Altcoin Season Is Coming” – Big Moves from the BitMEX Co-Founder
Arthur Hayes, the former BitMEX CEO known for his bold takes on the crypto markets, is making headlines again. Just days after announcing that his fund, Maelstrom, had completely exited liquid altcoin positions due to bearish outlooks, Hayes has dramatically changed his tune. This time, he’s calling the start of a new altcoin season.
From Bearish to Bullish: What Changed?
Last week, Hayes painted a gloomy picture. He warned that the US Treasury’s bond sales would drain liquidity and hurt risk assets, prompting his fund to move heavily into stablecoins. He predicted that pressure would last through August, with better altcoin opportunities emerging later in the year.
But crypto had other plans.
Bitcoin recently shattered expectations, climbing past $113,000, while Ethereum surged above the $3,000 mark again. The strength and volume of the rally caught Hayes off guard. In a follow-up article, he admitted his earlier pessimism may have been premature and revealed his updated view: altcoin season is kicking off sooner than expected.
Maelstrom Back in the Game
Reacting to the rally, Hayes confirmed that Maelstrom is once again actively buying altcoins. He pointed to growing optimism in the market, especially around the possibility of Trump easing trade tariffs, which has boosted risk appetite across the board. In this environment, he sees altcoins as positioned for a powerful move.
Hayes Makes Bold Price Calls
He’s not holding back on predictions either. Hayes is now targeting $10,000 for Ethereum by the end of this year and continues to believe Bitcoin could reach $250,000 by the end of 2025. His conviction isn’t just short-term—he sees a full-blown bull market developing.
Altcoin Season: Is It Really Here?
Sectors like DeFi, AI, and real-world asset (RWA) based projects are gaining momentum, especially with Ethereum leading the charge. Institutional interest appears to be building, and Hayes's pivot may serve as a signal that bigger players are ready to re-enter the altcoin space.
Final Thoughts
Arthur Hayes’s sudden U-turn—from stablecoin safety to aggressive altcoin buying—could be a major turning point. With Bitcoin at record highs and Ethereum regaining strength, sentiment is quickly shifting. For many investors, this might be the signal they’ve been waiting for.
Is this the start of something big? We’ll find out soon enough.
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