BitMEX Founder Arthur Hayes Says Altcoins Could Go Vertical in Next Bull Frenzy Heres His Outlook

BitMEX founder Arthur Hayes predicts a parabolic rise in altcoins according to the top two crypto assets by market capitalization.

haze is new blog post If Bitcoin (BTC) and Ethereum (ETH) continue their uptrend, altcoins will rise sharply.

If Bitcoin and Ethereum continue to rise, the coming months will undoubtedly lead to a runaway shitcoin vertical

The key to shitcoining is understanding that they go up and down in waves. At the same time, the Shitcoin complex engages in an aggressive rally before Shitcoin rediscovers gravity and interest returns to Bitcoin and Ethereum.

And this step-by-step process continues until the end of the long-term bull market. “

Despite missing bitcoin’s 2022 lows, Hayes says he’s investing for the next step that could be triggered by increased market liquidity.

Similarly, part of my portfolio missed the early innings of this recent Bitcoin rally again driven by expectations of monetary easing ahead but that’s because I It does not mean that you should be stubborn and refuse to participate in the next part. [U.S. Treasury General Account]”

Bitcoin is trading at $23,135 at the time of writing, up about 50% from its 2022 low of around $15,500.

Ethereum is worth $1,673 at the time of writing, up nearly 70% from its 2022 low of around $995.

Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook and telegram

Surf The Daily Hodl Mix

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: In the middle of the journey