The founder of Bitmex, Arthur Hayes, says that altcoins may finally see a batch once Bitcoin (BTC) destroyed a certain price.
In a new interview on Crypto Banter, says Hayes, founder of Crypto Investment Maelstrom, says Bitcoin is expected to continue controlling the encryption market for some time.
However, Hayes says once BTC rises above the level of $ 100,000 again, the risk encryption assets are likely to begin to shine.
“We have accelerated a little after the press conference of the recent Federal Reserve, where Powell announced the QT (quantitative tightening) and a kind of disturbing QE (quantitative mitigation).
We have accelerated a little, and if the market continues to collapse a little, we may accelerate more than spreading the capital. Most of what we buy is Bitcoin, and I think Bitcoin’s dominance – the percentage of Bitcoin in the entire cryptocurrency market – continues to rise, then at some point, let’s say that Bitcion is $ 110,000, 120,000 dollars or a level, Altcoins will start getting fire, and we will rotate it in some things that we really know. “
In Altcoin space, Hayes says he is looking for ETHEREUM (ETH) that surpasses Solana (Sol).
“I carry a lot of Ethereum, I think at some point, Hateum Hate will change. Usually the most hated assets are the best performance in the next and most loved cycle is the worst performance.
This means only apostasy. This does not necessarily mean that one of them is better than the other. But if you have to publish a new dollar of capital today, I will buy ETH instead of Solana just because ETH is more hated than Solana.
And I think Fad Memecoin will be done for a while, and not to say that it will disappear, I think Memecoins will be here to stay for a very long time, but many people who ignore the retail field have lost a lot of money, and they will not mix with things on Pump.fun and create a treatment fee for Solana as much as they were returning.
So I think the narration is about Solana being Mimikoen L1, and this will harm his ability to superior to the other L1S in the cycle. “
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