- Arthur Hayes flips bullish, calls start of monster altcoin rally soon.
- Trump’s possible tariff cuts could weaken dollar, boost crypto markets more.
- XRP, ETH, PEPE surging shows altcoin season may start strong.
Former BitMEX CEO Arthur Hayes now believes a massive altcoin rally is starting. Just a few weeks ago, Hayes was cautious about the crypto market. He was concerned that filling the U.S. Treasury General Account (TGA) would cause liquidity to be taken out of the economy. This could have damaged risky assets such as Bitcoin and altcoins.
Trump Tariff Easing May Fuel Crypto Rally, Says Hayes
But this has changed with the speed of light. On July 11, Hayes provided a post on X explaining why he has now become bullish. According to CoinMarketCap data, the price of Bitcoin has touched its new all-time high of 118,869 with $122B trading volumes. This is a good indication that the market has shifted gears to be positive again.
The move has prompted Hayes to say that his previous bearish outlook is no longer valid. He wrote, “I was slightly bearish in my last essay due to TGA refill. What changed? $BTC busted through ATH on good volume.”
Then Hayes thinks that Ethereum will be superior to Bitcoin. He believes ETH will take the next big rally. He tweeted, $ETH is tracking and will lead the way, prepare yourself for a monster alt season. Hayes has always argued that altcoins follow when Ethereum becomes strong.
Also, the macroeconomics are fueling the fire. Hayes noted that the markets now think that former President Trump will be more moderate in his tariff policy should he get re-elected. “TACO” is an acronym meaning Trump Always Chickens Out, implying that Trump might not enact harsh trade barriers.
The reduction of tariffs can benefit international commerce and undermine U.S. dollar. A falling dollar usually drives investors to Bitcoin and other digital tokens as alternative stores of value. Consequently, crypto prices go higher.
Ethereum’s fundamentals are improving too. In the recent past, the Pectra update increased ETH by almost 50% in the course of a brief period. It demonstrates increasing confidence in the future of Ethereum in the market. Hayes is sure that ETH is no longer a tech network but rather an asset that could be rated as a treasury.
XRP, ETH, PEPE Rally Signals Monster Altcoin Season Approaching
Large corporations are beginning to concur. GameSquare (Nasdaq) has also declared a 100 million strategy that centers on Ethereum. Recently, SharpLink Gaming purchased an additional 10,000 ETH and raised its portfolio to more than 215,000 ETH.
Hayes believes that such movements demonstrate that Ethereum is regarded as having real value by institutions. Once the ETH breaks out, a lot of money tends to move to the minor altcoins. In the past, altcoins have worked exceptionally well when Ethereum picks up the pace. Hayes referred to ETH as the most despised Layer-1. According to him, when people overlook assets, investors are usually surprised by the huge returns on such assets when bull runs come.
The other cause is international debt and easy money policies. Governments spending more and maintaining interest rates at low levels cause investors to seek assets that will provide higher returns. Altcoins, particularly Ethereum, can fill this demand of high-yielding opportunities.
Even now, one can see evidence of an altcoin rally. Within the same day, XRP surged by 14% to reach a value of 2.82 dollars. Ethereum was up 8% and trading above $3,000. Even memecoins, such as PEPE, increased by 10 to 20% over 24 hours.
Finally, Arthur Hayes thinks that a massive altcoin season is approaching. The market may be strengthened further by strong Bitcoin momentum, Ethereum upgrades, and positive macro signals. Investors are watching closely to see if this “monster alt szn” really takes off.
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