New statement from the old CEO whose predictions never panned out!!!
Arthur Hayes changed his mind: Get ready for a massive altcoin season! Arthur Hayes made a quick turnaround on his altcoin positions taken due to liquidity concerns after the Bitcoin rally.
Hayes stated, "In my last writing, I was somewhat pessimistic due to the U.S. Treasury pulling cash out of the market. So what has changed? Bitcoin broke its all-time high with strong volume. ETH is following closely behind and will perform even stronger. Get ready for a massive altcoin season. The market thinks Trump will backtrack on tariffs (TACO). Therefore, we at Maelstrom Fund are going full throttle into buying."
The billionaire trader had previously announced that they exited altcoins last week due to expectations of liquidity tightening. Hayes mentioned that they switched to a stablecoin-heavy position, forecasting liquidity tightening until the end of August. Hayes, who suggested that liquidity would increase again starting in September and that this period would present an opportunity for altcoin purchases, saw his predictions come to a quick end. Cryptocurrencies entered a rally period led by Bitcoin's records.
The founder of BitMEX wrote yesterday that he believes ETH will reach $10,000. He had previously claimed that Bitcoin would rise to $250,000 by the end of the year.
I had previously stated that Arthur Hayes is an unreliable person. The most realistic and reliable analyst in the market is Il Capo.
