As Bitcoin surged to a new all-time high and ignited market optimism, Arthur Hayes is now forecasting that a “monster alt season” is on the horizon. The BitMEX co-founder is confident that Ethereum will outshine Bitcoin in terms of macro trends and an increase in institutional interest.
According to Hayes, the potential tariff actions from Trump and the way the U.S. Treasury manages its cash could stir things up in global markets. It could also possibly push more capital into cryptocurrencies. He believes Bitcoin could soar to $250,000 and Ethereum might climb towards $10,000, thanks to increased liquidity and solid volume indicators.
At the time of writing, Ethereum is trading at $3,005 with its trading volume having increased by 6.73% in the last 24 hours as per CoinMarketCap .
Ethereum’s Institutional Momentum Grows
Ethereum’s fundamentals are on the rise. The recent Pectra upgrade led to a 50% jump in ETH, an indication of market confidence. Additionally, Hayes points out that ETH is evolving beyond just a tech layer—it’s starting to be seen as a treasury-grade asset.
Arthur Hayes’ comments can be seen through the Nasdaq listed GameSquare, which committed to a $100 million strategy focused on Ethereum. Meanwhile, SharpLink Gaming has also amassed over 205,000 ETH last month and became the largest public holder of Ethereum.
Market Sentiment Signals Altcoin Breakout
Hayes emphasizes that altcoins tend to rally hard after Ethereum breaks out. He calls ETH the “most hated Layer-1,” and gives predictions for its upside potential. Historically, the most disliked assets are believed to often perform best during a cycle turn.
Furthermore, rising global debt and loose monetary policy are setting the stage for high-beta assets to shine. As a result, investors view ETH as a yield-generating alternative to Treasuries. Consequently, Hayes believes the current market setup favors altcoins, especially Ethereum.
