Arthur Hayes, co-founder of BitMEX, has made bold predictions about the future of cryptocurrency prices. According to Hayes, Bitcoin could reach $70,000 while Ethereum could hit $4,000. These high price targets have sparked excitement among crypto investors.
In addition to his Bitcoin and Ethereum forecasts, Hayes also weighed in on when altcoin season will begin. Altcoin season refers to a period when alternative cryptocurrencies experience a surge in value compared to Bitcoin. Hayes believes that this season could start once Bitcoin reaches $20,000.
Cryptocurrency enthusiasts are eagerly awaiting the start of altcoin season, as it often brings significant gains for those invested in alternative coins. Hayes’ predictions have added fuel to the speculation surrounding when this season will finally kick off.
As the cryptocurrency market continues to evolve, it will be interesting to see if Hayes’ predictions come to fruition. Investors will be keeping a close eye on Bitcoin and Ethereum prices, as well as the overall market conditions, to determine when altcoin season will officially begin.