Former BitMEX CEO Arthur Hayes, who attracted attention with his striking explanations and analyses of Bitcoin (BTC) and cryptocurrencies, published a new article.
Addressing the bull rally in his latest article, Arthur Hayes stated that the liquidity injection by the US Treasury Department will ignite the crypto bull run in 2025.
At this point, Hayes stated that the US Treasury Department could inject $301 billion to $1.05 trillion into the market by the end of the year, arguing that this capital inflow would help Bitcoin recover from the recent decline caused by the strengthening Japanese yen.
The famous isism claimed that with the liquidity injection from the US, Bitcoin will not only recover but also trigger a bull market among various risk assets and rise to $100,000, supported by the US elections in November.
When Will the Altcoin Rally Begin?
As investors try to cope with the long-standing sharp declines, one of the most important questions is “when will the altcoin rally begin?”
Answering this question, Arthur Hayes claimed that the altcoin rally will not start until Bitcoin exceeds $70,000 and Ethereum exceeds $4,000.
“Although Bitcoin and Ethereum have been correcting since April, they have escaped the carnage experienced by the altcoin market.
At this point, altcoins will only bounce back after Bitcoin and Ethereum surpass $70,000 and $4,000 respectively.
Solana will rally above $250, but given its relative market capitalization, the wealth impact of Solana’s rise on the entire crypto market is not as strong as that of Bitcoin and Ethereum.
“The year-end rally in Bitcoin and Ethereum, supported by USD liquidity, will provide a solid foundation for the altcoin party to come back, and I expect cryptocurrencies to break out of their downward trajectory from September onwards.”
*This is not investment advice.