Arthur Hayes, co-founder of BitMEX and one of crypto’s most closely followed voices, has just made a dramatic shift in tone—calling for what he describes as a “monster altcoin season.”
The former derivatives exchange CEO, known for his cautious market takes in recent months, took to X (formerly Twitter) to unveil his newly optimistic view. The recent breakout across the crypto market appears to have been the catalyst. Bitcoin’s rapid rise, hitting new highs in a matter of hours, seems to have prompted Hayes to rethink his earlier warnings.
Previously, Hayes had warned that the U.S. Treasury’s efforts to refill the General Account (TGA) could suck liquidity from the system, placing pressure on risk assets like crypto. But with Bitcoin and Ethereum both surging, that thesis appears to be on pause.
Hayes now believes political winds in Washington could give the market another boost. He pointed to speculation that President Trump may ease his hardline stance on tariffs—a move Hayes jokingly dubbed “TACO” (Trump Always Chickens Out). If true, that could signal a friendlier environment for risk-on assets like altcoins.
Ethereum’s strong performance, in particular, was flagged by Hayes as a potential signal that capital may soon rotate into the broader altcoin market. If that happens, the stage may be set for what could become one of the most aggressive alt seasons in recent memory.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.