Arthur Hayes: Bitcoin Could See a Surge to the $150-200K Range by Late Summer, Ethereum Would Be Considered to Have Met Expectations If It Can Reach $5,000 by the End of the Year

BlockBeats News, May 21st, in the latest interview on the Bankless YouTube channel, Arthur Hayes revealed that the cryptocurrency portfolio of his family office Maelstrom is mainly dominated by two major market cap leaders, with a fund allocation of about 60% Bitcoin, 20% Ethereum, and the rest consisting of a large number of altcoins, token investment terms, and the like. The non-cryptocurrency portion only includes physical gold, gold mining stocks, and government bonds, and that's it."

Arthur Hayes stated that he believes Bitcoin will first surge to the $150,000-$200,000 range from now until the end of the summer, experience a deep retracement, and is expected to reach $250,000 by the end of 2026. If Ethereum can reach $5,000 by the end of the year, it would meet expectations, which would boost market confidence, and the final bull market cycle could reach $10,000-$20,000. However, ETH reaching $5,000 will be a difficult uphill climb.

Furthermore, the altcoin season is inevitable, but the possibility of a parabolic rise will not be for overvalued projects with a huge fully diluted valuation but low circulating supply, or for junk tokens with no real users. New narratives will always emerge in the market, and there will be new speculative targets on DEX.