Arthur Hayes Predicts Monster Altcoin Season as Bitcoin Hits New ATH

Key Points

1. Arthur Hayes forecasts a 'monster altseason' as Bitcoin surpasses $118,000 and Ethereum approaches $3,000, suggesting a broader rally in altcoins.

2. Hayes previously warned about liquidity drain from the U.S. Treasury General Account (TGA) refill but now sees it as a short-term obstacle given current market trends.

3. Ethereum could reach $10,000, driven by corporate adoption and strong on-chain metrics, according to Hayes.

4. Bank-issued stablecoins might unlock $6.8 trillion in liquidity, acting as a 'liquidity bazooka' for the U.S. Treasury, with major banks expected to drive adoption.

5. The Altcoin Season Index is currently at 30/100, but Hayes believes a rally in Bitcoin and Ethereum will soon extend to major altcoins like Solana and Cardano.