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BitMEX founder Arthur Hayes says that altcoins may finally see a boost once Bitcoin (BTC<\/a>) breaks a certain price range.<\/p>\n In a new interview on Crypto Banter, Hayes, the founder of crypto investment firm Maelstrom, says that he\u2019s expecting Bitcoin to continue dominating the crypto market for some time.<\/p>\n However, Hayes says once BTC soars well above the $100,000 level again, riskier crypto assets will most likely start to shine.<\/p>\n \u201cWe accelerated a bit after the recent Fed press conference where Powell announced the reduction of QT (quantitative tightening) and sort of teased QE (quantitative easing). <\/em><\/p>\n We accelerated a bit, and if the market continues to collapse a bit, we\u2019ll probably accelerate even more in terms of deploying capital. Most of what we\u2019re buying is Bitcoin, I think Bitcoin dominance \u2013 that is the percentage of Bitcoin in the whole cryptocurrency market \u2013 continues to rise, and then at some point, let\u2019s say Bitcion\u2019s at $110,000 or $120,000 or some level, then altcoins will start to get to fire, and we\u2019ll rotate out of that and into some things that we really like.\u201d<\/em><\/p>\n In the altcoin space, Hayes says he\u2019s looking for Ethereum (ETH<\/a>) to outperform Solana (SOL<\/a>).<\/p>\n \u201cI hold a lot of Ethereum, I think at some point, the Ethereum hate is going to change. Usually, the most hated asset is the best-performing asset in the next cycle and the most loved is the worst-performing. <\/em><\/p>\n It\u2019s just mean reversion; it doesn\u2019t necessarily mean that one is better than the other. But if I had to deploy a fresh dollar of capital today, I\u2019d buy ETH rather than Solana just because ETH is more hated than Solana.<\/em><\/p>\n And I think the memecoin fad is going to be done for a while, not to say it\u2019s going away, I think memecoins are going to be here to stay for a very long time, but a lot of retail people lost a lot of money, and they\u2019re not going to be slinging stuff on Pump.fun and creating transaction fees for Solana as much as they used to. <\/em><\/p>\n So I think that narrative about Solana being the memecoin L1, that\u2019s going to hurt its ability to really outpace other L1s in the cycle.\u201d<\/em><\/p>\n