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Arthur Hayes, the founder of BitMEX, a renowned figure in the industry, has put forward a prediction on how the next bull run in the cryptocurrency market could unfold. Expert Arthur Hayes also made striking statements about the bull rally in BTC.
The Bull Run in BTC
In an interview on the Blockworks Macro YouTube channel, Hayes suggested that there will always be “something new” in cryptocurrencies, which is likely to influence the upcoming market expansion. The expert stated:
There will always be something new. In the last cycle, it was all these L1 (Layer-1) blockchains that were faster than Ethereum and catered to a specific ecosystem. Solanas, Aptos, and all of them… You have one shot with most of these. They had a massive rise in 2021, and now everyone is saying, ‘Well, you didn’t really do much, so you won’t rise to all-time highs again.’ So, I believe in this sequence of Bitcoin, then ETH, and then everything else. Obviously, at Maelstrom, we talk about all cycles together. We want to invest in quality infrastructure and invest in silly meme tokens. We’re trying to make money here. So, if we want to think about what will happen at the end of the risk sector, there has to be something new…’
Artificial Intelligence Insights from the Expert
Renowned CEO Arthur Hayes previously called for artificial intelligence (AI) to contribute to the “most epic bull run in history.” However, as the Head of Investments at Maelstrom, he says that in addition to artificial intelligence, narratives such as gaming, mining, or decentralized storage may also play a role in the next phase of crypto’s rise. Nevertheless, Hayes pointed out that most tokens in these narratives will eventually be crushed by speculative bubbles. The expert stated:
I’ve put forth this artificial intelligence narrative in crypto, I have a stake in a mining company called Filecoin, and there are other things like that. It could be a certain type of Web3 game, a certain way of using social graphs. I don’t know, but we’ll see that the spirit of the times has changed in terms of what people actually focus on, and at the end of the cycle, we’ll see unproven new projects emerge, and people will say, ‘Oh my God, there are so many people in crypto.’ We’ll have all these wallets, all these customers, and all of that… And these tokens will rise and, just like everything else, they will be crushed because changing people’s entrenched behaviors is difficult. So yes, I think it will end up pretty much the same way as the last cycle, it’s just things that we believe will change the rules of the next game, things that will just change.
