“Something New” Is Heading To The Crypto Market, Important Analyst Says

It has been just revealed that there is something new that is coming to the crypto market these days. Check out the latest reports about this below.

Arthur Hayes, the founder of BitMEX, has shared his predictions about the next cryptocurrency bull run.

In a recent interview on the Blockworks Macro YouTube channel, Hayes stated that the emergence of “the new new thing” in the cryptocurrency world will likely influence a potential market expansion.

According to him, there will always be something new that catches the attention of investors and drives the market forward.

“There’s always going to be the new new thing. Last cycle it was all these L1 (layer-1) blockchains that were going to be faster than Ethereum and they catered to some particular ecosystem. The Solanas, the Aptoses and all that…

[With] most of those, you get one shot. They had their one massive pump in 2021, and now everyone’s like ‘Well you actually didn’t really do very much and so you’re not going to pump again to your all-time high.’ So I do believe in that sequence of Bitcoin first, then ETH, then everything else.”

Hayes previously called for artificial intelligence (AI) to contribute to the “most epic bull run in history.”

According to the Maelstrom chief investment officer, the next bullish phase of crypto could be driven by various narratives besides AI, such as gaming, mining, or decentralized storage.

However, Hayes believes that most tokens within these narratives will eventually be “crushed” at the end of their speculative bubbles.

Hayes has advocated for the AI crypto narrative and has a stake in Filecoin, a mining company, and other similar ventures.

He thinks that some specific type of Web3 gaming or the use of social graphs could also propel the crypto industry forward, but it remains to be seen what new unproven projects will emerge and capture people’s attention.