Altcoin Season Never Truly Ends — Here’s Arthur Hayes’ Secret Crypto Play

Jakarta, Pintu News – While many crypto traders are still waiting for the next altcoin rally to come, Arthur Hayes, co-founder of BitMEX, stated that the altcoin season has actually been going on all along.

In a recent podcast, Hayes emphasized that what traders often think of as “market downturns” are really just them not having the right assets.

Arthur Hayes Portfolio

In the podcast, Hayes gave an example of his own portfolio, which includes early investments in projects like Athena, which managed to record outstanding performance in the previous cycle.

Read also: Signs of Recovery Appear, 3 Altcoins Ready to End Distribution Phase and Rise?

According to Hayes, 2026 could potentially bring a new wave of high-performing altcoins, especially those focused on privacy and zero-knowledge (ZK) technology.

Hayes argues that investors should start looking for projects that offer anonymity and resilience to data surveillance. He adds that privacy features will be the answer to growing concerns about AI-based de-anonymization and government surveillance, making such assets likely to dominate the next market cycle.

Explanation of “Reserve Management Purchases” by the Federal Reserve

In addition to discussing altcoins, Arthur Hayes also touched on monetary policy and the Federal Reserve’s (Fed) use of the “reserve management purchases” (RMP) instrument.

Although the term is not referred to as quantitative easing (QE), the mechanism serves the same purpose – adding liquidity or injecting money into the financial system.

According to Hayes, the Fed has quietly started pouring about $40 billion into the market through the RMP program to prop up the U.S. Treasury market.

Hayes believes that this kind of move is often underestimated by market participants, even though the strategy allows the Fed to channel liquidity to important sectors without causing political controversy.

The aim of this “stealth” approach is to maintain confidence in assets such as Bitcoin (BTC), which Hayes says is highly sensitive to changes in US dollar liquidity. He also predicts that market conditions will start to improve in January, depending on how the program is executed.

Read also: Canary Capital Announces Big Changes to its SUI ETF!

Privacy Coin as the Next Altcoin Wave

According to Hayes, the next big wave in the altcoin world will likely come from the privacy coin sector. He cited the example of Zcash (ZEC), and explained that the key to maintaining user anonymity is shielded transactions.

While many exchanges are now restricting the trading of privacy coins for regulatory reasons, Hayes believes that interest in these assets is increasing from both retail and institutional investors.

In addition, Hayes also highlighted the huge potential of zero-knowledge (ZK) technology, which is increasingly attracting the attention of the crypto industry.

According to him, privacy concerns and technological advancements will make privacy-themed altcoins one of the best performers in the next few years. He added that investors who discover these projects early will have a great opportunity, as he experienced when investing in Athena in its early phase.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. Arthur Hayes Reveals Why Altcoin Season Never Stopped – Crypto Investors Take Note. Accessed on December 24, 2025