Ethereum just established a new price peak on Friday, and according to Arthur Hayes - the founder of BitMEX, this second-largest cryptocurrency in the world could continue to rise sharply, potentially reaching $10,000, or even $20,000 before the current bull cycle ends.

In a conversation on the Crypto Banter podcast with Ran Neuner, Hayes reaffirmed his optimistic view on the future of Ethereum, while highlighting major factors that could play a significant catalytic role for the market: the large-scale printing policy of President Donald Trump's administration in the new term.

"Personally, I believe that ETH will reach $10,000 - $20,000 before this cycle ends. Once it surpasses the old peak, nothing can stop the bull run, especially in the context of digital asset investment funds expanding their capital aggressively. Fundraising will be easier when the assets they purchase continuously achieve new high prices and increase," Hayes emphasized.

Growth Drivers: ETFs, Investment Funds, and Large Capital Flows

The recent surge of ETH is strongly supported by several factors:

Ethereum ETFs surge: ETH ETF funds continuously recorded record capital inflows in July, now holding over 5% of the total ETH supply.

Large treasury holdings: Companies like BitMine Immersion Technologies and SharpLink Gaming currently hold over $10 billion in ETH, creating sustainable demand for the market.

Loose monetary policy: Fed Chair Jerome Powell just signaled that he might lower interest rates, boosting expectations for more abundant liquidity for risk assets, including cryptocurrency.

Signs of a New Super Cycle?

ETH reaching a new price of $4,789 on Friday, surpassing the 2021 record, is seen as an important psychological turning point. Hayes believes that if Trump implements monetary easing (QE) as predicted, the period from 2026 to 2028 could witness a "big wave" of price increases across all asset types, especially cryptocurrency:

"We will see a major growth market across all asset classes that Trump values, from mid-2026 until he leaves office," Hayes remarked.

Personal Benefits and Strong Confidence

Arthur Hayes is not just talking - he has purchased an additional 1,800 ETH (worth over $8.6 million) since August 10, bringing the total amount of ETH and stETH in his wallet to over $50 million (according to Arkham Intelligence). This shows that he is placing a significant financial bet on the strong future development of Ethereum.

Conclusion

Ethereum faces strong supportive factors: surpassing historical peaks, massive ETF investment flows, growth in digital asset treasuries, and expectations for global monetary easing. With these factors, Arthur Hayes' forecast of $10,000 - $20,000 may no longer be a dream but a target that the market is aiming for in the next growth cycle.

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