BitMEX co-founder Arthur Hayes is offering an update on the current holdings of his family office Maelstrom Fund.
In a new interview on the Bankless YouTube channel, Hayes says the crypto portfolio of his family office is dominated by the two largest crypto assets by market cap.
-->“Maelstrom [Fund] is about like 60 Bitcoin, 20 Ethereum. And then a lot of other shitcoins, term sheets of token deals and stuff.
On my non-crypto stuff, it’s physical gold and gold miners. And treasury bills. That’s it.”
Over the coming weeks, the BitMEX co-founder says Bitcoin (BTC) could appreciate by up to 138 from the current level before 2026.
“I think we’re going to go on a run to like in the $150,000 to $200,000 range between now and sort of like maybe sometime in the summer. We will get some nasty correction and then I think we go to $250,000 on Bitcoin by the end of the year.”
Bitcoin is trading at $105,070 at time of writing.
On his price targets for Ethereum (ETH), Hayes says,
“Ethereum… I think if we can get to $5,000 by the end of the year, I will probably be good. That will sort of reinvigorate people and maybe you know ETH gets to $10,000 or $20,000 by the end of the run. But I think that there’s a hard slog between here and $5,000 for ETH.”
Ethereum is trading at $2,513 at time of writing.
The BitMEX co-founder further says altcoins will also experience a bullish run.
“There will be an alt season. It might not be the alts that you own. It might not be the overvalued venture capital high-FDV [fully diluted valuation] low-float piece of shitcoin with no clients coin that you own. But there will be new narratives, there always will be. There will be a new hot thing that everybody’s slinging on the decentralized exchanges.”
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