BitMEX co-founder Arthur Hayes outlines a possible bullish scenario for altcoins

The crypto founder, known for his bold Bitcoin price predictions, is leaning towards a bullish position.

Prominent entrepreneur and co-founder of Bitcoin’s cryptocurrency exchange BitMEX, Arthur Hayes, is highlighting a possible bullish scenario as preparations for the highly anticipated altcoin season continue.

The crypto founder, recognized for his outspoken Bitcoin price predictions and bold takes on the cryptocurrency market, is leaning towards a bullish position.

Hayes’ sentiments align with those of many other Bitcoin proponents in the market. Most are optimistic that Bitcoin will sustain its bullish momentum and maintain its position above the $100,000 price level.

The crypto founder expects Bitcoin’s rally to $110,000 to commence sooner rather than later, particularly before altcoin season begins. Hayes also sees Bitcoin going up to $200,000 and $250,000 in the current market cycle. After hitting the aforementioned price level, an altcoin rally is expected to follow.

“I think that happens sometime in the summer or early third quarter, and then the rotation starts into various altcoins.” He noted.

The 2021 altcoin rally, often regarded as one of the most remarkable, saw nearly every existing token hit new price levels. However, convinced that the tides are changing, Hayes explains that the anticipated altcoin cycle will see only a handful of altcoins soar.

While expressing certainty that a different line of conversation will spearhead the rally and that a handful of “Dino coins” will fail to make a comeback, Hayes made the following notation:

“A lot of those coins have high FDV, low float, no customers, no revenue, just some CEX listings, that went down 95%, I don’t really see why those should do well in the next cycle.”

Adding his two cents to the Ethereum vs Solana discussions, Hayes acknowledged Ethereum’s fundamental structures and solid ecosystem, and expects Ethereum to outpace Solana over the next “18-24 months bull run.”