According to Arthur Hayes, the founder of Bitmex, Altcoins Bitcoin will ‘shoot’ when it reaches this price level
Arthur Hayes, the founder of Bitmex, says Altcoins can finally get support when Bitcoin (BTC) breaks a certain price range.
In a new interview about Crypto Banter, Hayes, the founder of the crypto investment company Maelstrom, says Bitcoin has been waiting for a while to continue to dominate the crypto market.
However, Hayes says that when the BTC rises far more than $ 100,000, the risky crypto assets will probably begin to shine.
“We accelerated a little bit of the latest Fed press conference, when Powell announced that QT (quantitative tightening) and some kind of QE (quantitative lightening).
If we accelerated a little and the market continues to collapse a little, we will probably accelerate in terms of using capital. Most of the things we buy Bitcoin, I think Bitcoin dominance – so the percentage of Bitcoin in the entire crypto currency market – and then at some point, let’s say BitCion, $ 110,000 or $ 120,000 or one level, then the subcoin will start to shoot and return to some things.
In the Altcoin field, Hayes says he is looking for Ethereum (ETH) to perform better than Solana (left).
Orum I have a lot of Ethereum, I think at some point, Ethereum hatred will change. Usually the most hated asset is the best performance in the next cycle and the worst performance.
This only means return; It doesn’t necessarily mean that one is better than the other. But if I had to distribute a new dollar capital today, I would buy Eth instead of Solana because Eth would hate more than Solana.
And I think the Memecoin Fad will be held for a while, it will be done to say that it is going, I think the Memecoins will be here to stay here for a long time, but in many retail people will not lose much money and they will not create process fees for the solenda as they use.
So the narrative about Solana’s Memecoin L1 will harm the ability to really leave the other L1s in the cycle behind. “
https://www.youtube.com/watch?v=znt3m5ckrfy
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