Arthur Hayes is reported as being the youngest African American 𝙘𝙧𝙮𝙥𝙩𝙤 𝙗𝙞𝙡𝙡𝙞𝙤𝙣𝙖𝙞𝙧𝙚 in history.

He recently made a statement 𝙬𝙝𝙚𝙣 𝙖𝙡𝙩𝙨𝙚𝙖𝙨𝙤𝙣 will start.

Here's what he said:

Arthur basically said that altcoin season would come after bitcoin and ether break through $70,000 and $4,000, respectively.

The combination of a dollar liquidity-inspired BTC and ETH rally toward the end of the year would build a strong foundation for the return of a “sexy shitcoin soiree.”

He also made a prediction that SOL would also surge past $250

However, this won't have a huge effect on the crypto market compared to bitcoin and ether due to the wide gap in their market caps.

He expects BTC to recover from the correction caused by the dollar-yen decline soon, rallying to $100,000 during the next leg of the bull cycle, which will extend to all risk assets.

He believes the surge would be triggered and sustained by the U.S. Treasury issuing at least $301 billion worth of treasury bills between now and year-end.

Recent historical data, shows that BTC pumps when the U.S. government issues treasury bills. Conversely, BTC has traded sideways or recorded intense dips whenever treasury bills were net withdrawn from the market.

Basically he expects crypto will exit its sideways-to-downward trajectory starting in September.

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It's important to note that Arthur Hayes isn't all-knowing

He made both right and wrong calls in the past (which is normal ofcourse)

Many do appreciate his knowledge about macro-economic though

And although I sometimes question his targets for Bitcoin this cycle, I do agree with most of what he said here.

There is a lot going on in September. Also the fact that there is barely any trading activity in August as most are on vacation.

This should pick up in September. Also if Bitcoin and Ethereum break new ceilings this will have a positive effect

Q4 should see some relief

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