When Does Altcoin Season Start? This is the prediction according to experts

Bittime - Arthur Hayes, founder of BitMEX, shares his predictions about when altcoin season will arrive. When will the altcoin season start? Check out experts predictions in this article, come on!

The Crypto Market is Full of Confidence

Hayes predicts that the crypto market will get a breath of fresh air thanks to the massive injection of liquidity into the financial system. The source of this liquidity? None other than Janet Yellen, US Minister of Finance, through the issuance of government debt securities (T-bills).

"If this prediction is correct, Bitcoin will quickly recover from the decline caused by the strengthening of the Japanese yen. The next target for Bitcoin is $100,000 (Rp. 1.5 billion)," said Hayes with confidence.

Read also: Altcoin Season Index: Understanding and How to Use It for Crypto Trading

Bitcoin and Ethereum: Leaders of the Rally

According to Hayes, Bitcoin (BTC) and Ethereum (ETH) will be the leaders in this rally. He predicts that Bitcoin will exceed $70,000 (Rp. 1 billion) and Ethereum will exceed $4,000 (Rp. 62 million). In fact, he said Solana would reach $250 (Rp. 3.9 million).

"Bitcoin and Ethereum have a structural advantage in the form of net inflows to US-listed ETFs," explained Hayes. "Even though both experienced corrections since April, they managed to avoid the crash that the altcoin market experienced."

When Does Altcoin Season Start?

Hayes predicts that the altcoin season will begin once Bitcoin and Ethereum reach the price targets mentioned above. 

"The combination of dollar liquidity-driven Bitcoin and Ethereum rallies towards the end of the year will create a strong foundation for the return of the sexy altcoin party," he added.

However, Hayes warned that the wealth impact of Solana's price surge would not be as strong as Bitcoin and Ethereum, given the difference in their market caps.

Read also: Bitcoin Dominance Plummets to 55%, Altseason Coming?

What Does This Mean for Investors?

For crypto investors, Hayes' prediction could be a signal to start preparing an investment strategy. If these predictions prove correct, we may see significant price spikes not only in Bitcoin and Ethereum, but also in various altcoins.

According to data from CoinGecko, Bitcoin is currently trading at around $58,466 (Rp. 917.8 million), while Ethereum was at $2,620 (Rp. 41.1 million). However, keep in mind that the crypto market is very volatile and price predictions always involve risk.

Other Experts' Views

It's not just Hayes who is optimistic about the future of crypto. Raoul Pal, former Goldman Sachs executive and CEO of Real Vision, recently predicted that Bitcoin could reach $400,000 (Rp. 6.2 billion) in the next few years. 

Meanwhile, renowned crypto analyst PlanB still defends the predictions of his controversial Stock-to-Flow model, which projects Bitcoin could reach $288,000 (Rp. 4.4 billion) this cycle.

Closing

Even though Hayes' predictions sound tempting, it is important for investors to remain cautious. The crypto market is notorious for its volatility, and there is no guarantee that predictions will come true. Always do in-depth research and consider the risks before investing.

However, if Hayes' prediction proves correct, we may be witnessing one of the biggest crypto rallies in history. Are you ready for the next altcoin season?

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.