This Is When Altcoin Season Will Start, According To BitMEX Founder Arthur Hayes

• BitMEX founder Arthur Hayes has opined on when altcoin season will start.
• Hayes believes that assets tied to projects that generate and share revenue will perform best.
• The market analyst’s altcoin take comes as he continues to sound bullish on Bitcoin.

Things can change quickly in financial markets, and the cryptocurrency market is no different. Just over a week ago, market sentiment was in the dumps, and analysts were suggesting that cryptocurrencies were in a bear market. Now, after a positive decoupling from stocks on Monday and a broader market surge on Tuesday, investors are hopeful again.

And as has often been the case with broader cryptocurrency market rallies, talk of altcoin season or altseason, a period when alternative cryptocurrencies grossly outperform Bitcoin, yielding mouthwatering returns for holders, is again gaining momentum. Amid the chatter, BitMEX founder and Maelstrom Chief Investment Officer Arthur Hayes has offered insight into when this long-awaited period could kick off.

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Arthur Hayes On Wen Altcoin Season 

In a Wednesday blog post, Hayes said altcoin season will start after Bitcoin hits fresh all-time highs above its January record of nearly $110,000 per coin.

“Once Bitcoin breaches $110,000, the previous all-time high, it will likely surge, further increasing dominance. Maybe it just misses $200,000. Then the rotation begins,” he wrote.

Still, Hayes warned that not all coins would do well in the potential altcoin season.

“The tokens that will do the best are those connected to projects earning both profit and passing said profit back to staked token holders,” he asserted.

Hayes said this while arguing that high-risk cryptocurrency investors were seeking projects with high yields generated from sustainable real profits.

The prominent market analyst’s statements on altcoin season come as he continues to sound bullish on Bitcoin in the wake of broader market uncertainty.

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‘Up Only' for Bitcoin?

In Wednesday’s post, Hayes argued that President Donald Trump‘s heavy-handed and erratic tariff policies only benefited Bitcoin. He said it would push investors with U.S. stocks or bonds to seek safe haven assets untethered to the legacy financial system.

“Physically, that’s gold. Digitally, that’s Bitcoin,” he asserted. “Bitcoin will shed its association with tech stocks and will rejoin gold in the ‘Up Only’ cuddle puddle.”

At the same time, Hayes posited that efforts to undo some of the damage of Trump’s tariff policies would likely involve injection of more liquidity into the economy, which could also serve as a boon to Bitcoin.

And Hayes is not the only market analyst with this view.

“Bitcoin is rallying because they broke the economy. And the way they’ll ‘fix’ the economy will make bitcoin rally harder,” Bitwise CIO Matt Hougan said on Tuesday.

Bitcoin showed signs of moving in this direction on Monday as it surged by 3%, while the Nasdaq and the S&P 500 fell by about 2%. As highlighted by Bitwise Head of Research Ryan Rasmussen, with this week’s gains, the asset is now up 12.5% since Trump’s “Liberation Day,” far more than gold’s 4.8%. The Nasdaq and the S&P 500, on the other hand, are down 0.2% and 4%, respectively.

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