Arthur Hayes, the founder of Bitmex, says that Altcoins can finally see boosts if Bitcoin (BTC) occupies a specific price range.
In a new interview with Crypto Banter, Hayes, the founder of Crypto Investment Form Maelstrom, says Bitcoin expects to continue to dominate Crypto Market for a while.
But Hayes said that if the BTC goes back to more than $ 100,000, dangerous password assets will begin to shine.
“We recently accelerated after the recent Fed press conference, POWELL announced a reduction in QT (quantitative tightening) and a kind of teasing QE (quantitative easing).
We are a bit accelerated and if the market continues to collapse, it will be much more accelerated in terms of capital layout. Most of the things we buy are Bitcoin. Bitcoin dominance is the ratio of Bitcoin in the overall cryptocurrency market. The bitCion continues to say $ 110,000 or $ 120,000 or to some extent, and Altcoins will rotate with what we actually like.
In the Altcoin space, Hayes says he is looking for Ethereum (ETH) to surpass solana (sol).
“I have a lot of Ether Leeum. I think Etherrium hate will change at some point. In general, the most disliked assets are the best assets in the next period, and the most beloved assets are the worst.
It is just a meaning return. It does not necessarily mean that one is better than others. But if you have to place fresh dollars of capital today, you will buy ETH rather than Solana because ETH doesn’t like Solana.
And I think Memecoin Fad will be done for a while. Needless to say that disappearing, Memecoins will be here for a long time, but many retailers have lost a lot of money and will not tear things in Pump.fun and make a trading fee for Solana.
So I heard that the story of Solana is Memecoin L1. It will hurt the ability to actually surpass other L1 in the cycle. ”
https://www.youtube.com/watch?v=ZNT3M5CKRFY
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