Bitcoin Hitting $110K Could Spark Altcoin Frenzy—Hayes Drops Market Bomb
Arthur Hayes just threw gasoline on crypto’s speculative fire. The ex-BitMEX CEO claims Bitcoin at $110K would trigger a full-blown altseason—sending traders scrambling for the next ’ETH killer’ that’ll probably rug-pull by 2026.
Market cycles suggest he’s not wrong. When BTC dominance peaks, capital floods into altcoins like clockwork. Just don’t tell the ’stable yield’ DeFi degens still waiting to break even from 2021.
One hedge fund manager we spoke to muttered: ’Great—more exit liquidity for VCs.’ The casino stays open.