Arthur Hayes predicts bitcoin growth by 100%

Arthur Hayes, co-founder of the BitMEX crypto exchange, believes that the real «alt-season» will begin only after bitcoin BTC $104,792.85 Bitcoin -0.26% Market capitalization $2.08 trillion VOL. 24 hours $3.71 billion reaches a value of more than $ 200,000. He stated this in his blog post where he shared his vision of the crypto market dynamics in the coming years.

According to Hayes, the significant growth of bitcoin should trigger the process of capital redistribution: investors, having recorded profits with BTC, will start investing in riskier but potentially profitable altcoins. This turning point, in his opinion, will be the real start of a new growth cycle for alternative digital assets.

Hayes also emphasized that the current market situation is not a full-fledged altcoin season, despite the positive dynamics of individual tokens. In his opinion, institutional money is currently concentrated mainly in Bitcoin and Ethereum ETH $2,458.08 Bridged Ether (StarkGate) -3.59% Market capitalization $0.22 billion VOL. 24 hours $2.67 billion , and the massive influx of smaller projects will begin only after the market leader’s significant growth.

He paid special attention to the future role of decentralized platforms, noting that over time, the market will shift towards Web3 solutions, new L1 ecosystems, and financial protocols. However, according to his forecasts, such projects will receive major support only when traders see the potential to replicate BTC’s profitability on other assets.

The analyst believes that the current alt-season is not just a temporary surge, but a long phase of the market when capital systematically flows into lesser-known cryptocurrencies. If the baseline scenario of BTC at $ 200,000 is realized, Hayes expects strong growth of altcoins as early as 2026.