Hayes Predicts Parabolic Rise in Bitcoin, Cites Reviving Base Trading

Arthur Hayes, a well-known figure in the cryptocurrency market, has issued a bullish signal for the industry. In an interview on the Altcoin Daily YouTube channel, he stated that Bitcoin is poised for a parabolic increase and expects it to rise significantly. He emphasized that now is the right time to hold Bitcoin, as it will soon reach 'hundreds of thousands of dollars.'

Hayes also noted that base trading, which profits from the price difference between spot and futures markets, is beginning to revive, and this is a positive signal for the crypto market. He highlighted Ethereum (ENA) and Ether.fi (ETHFI) as two altcoins with significant upside potential.