Recently, everyone has been asking: When will altcoins take off? Don't worry, BitMEX founder Arthur Hayes provided his latest judgment at the Token2049 conference in Dubai.
1. When will the altcoin season come?
The big man said it depends on Bitcoin's performance:
1️⃣ Bitcoin must first break through $120,000
2️⃣ Then surge to $150,000-$200,000
The earliest we might see this is this summer (July-September).
Why this judgment? Because the U.S. Treasury is secretly printing money! Although official data doesn't say so, the actual money supply is much greater than what is reported, and this money will eventually flow into risky assets like Bitcoin.
Here are the key points:
- Ethereum must break through $4,200
- SOL must break through $300
Only then will funds flow from Bitcoin to altcoins.
But be careful!
This time, it won't be like in 2021 when all coins rose:
❌ "Zombie coins" with no users or income may continue to stagnate.
✅ Funds will chase new hotspots, such as AI and new DeFi projects.
2. Which is better to buy, ETH or SOL?
Hayes is more optimistic about ETH:
✔️ More locked funds ($128 billion vs. SOL's $9.3 billion)
✔️ More developers
✔️ More secure system
Recently, after the ETH upgrade, the experience has improved, and the price has risen from over $2,600 to over $2,500 (although it's still half of the all-time high).
Although SOL has been popular recently due to meme coins and games:
⚠️ It lacks sufficient decentralization.
⚠️ System stability is questionable.
⚠️ These hotspots are easily copied by other chains.
3. What should ordinary people do?
1️⃣ Keep an eye on Bitcoin: Pay attention when it breaks $120,000.
2️⃣ ETH is suitable for long-term holding.
3️⃣ SOL can be considered when it pulls back to $140-$150.
4️⃣ Never touch those worthless "dinosaur coins."
Final reminder:
Cryptocurrency is highly volatile; it is recommended: Don't go all in, set stop-losses, and diversify your investments.
Remember, the kind of market where everything rises like in 2021 is hard to replicate, so stay clear-headed!
