A correction is coming and an altcoin season is about to start... Hayes reads the cryptocurrency scene

Arthur Hayes, co-founder of the BitMEX platform, revealed details of his fund's portfolio “Maelstrom,” which consists of 60% Bitcoin and 20% Ethereum, along with altcoin trades and traditional assets like gold and treasury bills.

Despite predicting that the price of Bitcoin will reach $250,000 by the end of 2025, Hayes warned of an anticipated sharp correction before the big launch. He also sees that Ethereum could reach $5,000 this year, with the potential to rise later to $10,000 or even $20,000.

He anticipates a new season for altcoins, but advises caution against weak projects and those that are overly promoted. He believes Bitcoin could turn into a global reserve currency if the US dollar loses its credibility.