Arthur Hayes, co-founder of BitMEX, is advising investors to consider altcoins despite their recent underperformance in 2024. He attributes this strategy to the Federal Reserve's Reverse Money Printing (RMP) program, which he believes could propel Bitcoin to $200,000 by March. The market experienced a significant downturn on October 10, with $19 billion in liquidations affecting both retail and institutional investors. While Bitcoin shows resilience, Ethereum and Solana are trailing, and the potential for altcoins remains limited unless there is a resurgence in leverage demand.