$ETH Up to $20K? The bold prediction of the co-founder of BitMEX

The co-founder of BitMEX has just made a wild prediction about Ethereum, saying it could reach $10K–$20K in this cycle. $ETH has already surpassed its all-time high, reaching nearly $4,800, and that move alone liquidated almost $388M in trades.

His reasoning is quite simple: more money printing ahead, easier Fed policies, and institutions accumulating ETH in large amounts. Spot ETFs are already holding more than 5% of the supply, and large treasuries are accumulating over $10B in ETH. With supply becoming scarcer and demand increasing, I understand why he is so optimistic.

For me, $20K feels a bit excessive, but $10K doesn't seem crazy at all if the momentum remains strong. If liquidity gets out of control, who knows — ETH has surprised us before.