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The recent fluctuations in the cryptocurrency market have caught the attention of experts. Arthur Hayes, the founder of BitMEX, asserts that Bitcoin’s strong price performance can influence not only this asset but the entire market as well. According to Hayes, Bitcoin 
$94,995 pushing psychological boundaries could directly affect the fate of altcoins. His latest statements are prompting investors to reassess their strategies.
If Bitcoin Strengthens, Risky Assets May Shine
Hayes emphasizes that Bitcoin remains the leader in the cryptocurrency market. He notes that if BTC’s price surpasses a certain threshold, particularly risky assets may start garnering attention again. Hayes identifies this threshold as $100,000, suggesting that breaking this barrier could lead investors to diversify their portfolios.
Touching on the general mood of the market, Hayes states, “Currently, most of our holdings are in Bitcoin. However, as BTC’s market dominance increases and the price climbs to between $110,000 and $120,000, capital will start to shift towards altcoins,” drawing attention to potential movements in altcoins following Bitcoin’s performance. He believes that investors’ risk appetite will be pivotal in this process.
Furthermore, recent statements from the Fed and signals regarding quantitative tightening (QT) have sparked renewed capital movements in the market. Hayes indicates that these developments have heightened interest in the cryptocurrency market, prompting investors to seek new opportunities.
Ethereum vs. Solana: Trust or Potential?
Among altcoins, Ethereum 
$1,801 holds a special place and Hayes believes it may outperform other assets in the new era. Comparing Ethereum with Solana 
$152, Hayes clearly expresses his preference for ETH. “If I were to invest today, I would choose Ethereum over Solana,” he states, believing that negative opinions about ETH will change over time.
Another point Hayes highlights is the wave of popularity surrounding memecoins. He recalls that these assets tend to rise with short-term hype, yet retail investors often suffer significant losses. He anticipates a decline in interest in this area, arguing that the memecoin trend is temporary, and more stable projects will attract enduring capital.
Acknowledging that Ethereum is often in a controversial position during each cycle, Hayes points out that the most criticized assets tend to shine in the next bull season. This comment could serve as an encouraging signal for ETH investors.
Macro Indicators Shape Investment Strategies
Hayes stresses the necessity of considering not only the internal dynamics of cryptocurrencies but also global economic factors. The Fed’s interest rate policies, balance sheet management, and signals sent to markets are elements that directly affect the cryptocurrency market. In particular, expectations of QT reduction and quantitative easing (QE) have sparked new excitement in the cryptocurrency arena.
Experts suggest that following such macroeconomic developments, investors are compelled to reevaluate their risk-return balances. Those who navigate the market’s volatile nature carefully may find opportunities to enhance their potential gains. However, strategic moves are more crucial than emotional decisions during this process.
Arthur Hayes’ insights offer a fresh perspective for both Bitcoin and altcoin investors. As BTC maintains its leadership, we may be entering a phase where alternative assets can also benefit.
