Arthur Hayes: Bitcoin may hit the $150,000-$200,000 range by the end of summer, and Ethereum will be considered 'up to standard' if it reaches $5,000 by the end of the year.

On May 21, Arthur Hayes revealed in the latest interview on the Bankless YouTube channel that his family office Maelstrom's cryptocurrency portfolio is mainly dominated by two major market cap leaders, with the fund allocating about 60% to Bitcoin, 20% to Ethereum, and the rest to a large number of altcoins and investment term sheets. The non-cryptocurrency asset portion consists only of physical gold, gold mining stocks, and government bonds, nothing more. "Arthur Hayes stated that he believes Bitcoin will first surge to the $150,000-$200,000 range from now until the end of summer, and after a deep correction, it is expected to reach $250,000 by the end of 2026. If Ethereum can stand above $5,000 by the end of the year, it will be considered 'up to standard', which will restore market confidence, and the final bull market cycle could reach $10,000-$20,000. However, ETH still has a tough climb to reach $5,000. Moreover, the altcoin season will inevitably come, but the ones that will skyrocket are unlikely to be the overpriced, high FDV but low liquidity, and worthless tokens with no real users. New narratives will always emerge in the market, and new speculative targets will appear on DEX.