Ethereum ($ETH) notched a new all-time high of $4,789 on Friday, but BitMEX founder Arthur Hayes says this is just the beginning.
💡 Speaking on Ran Neuner’s Crypto Banter podcast ahead of Fed Chair Jerome Powell’s Jackson Hole remarks, Hayes raised his ETH target to a staggering $10,000–$20,000 this cycle.
🔑 Why Hayes is Ultra-Bullish
Quantitative Easing Ahead? Hayes expects Trump’s administration to unleash massive money printing, fueling a bull market in financial assets—including crypto.
Institutional Demand Rising: ETH treasuries like BitMine Immersion Technologies and SharpLink Gaming now hold $10B+ in ETH combined.
ETF Flows: Ethereum ETFs added record inflows in July, now controlling 5%+ of ETH supply.
Momentum Play: “Once ETH breaks all-time highs, raising money becomes easier—and the upside opens up,” Hayes said.
📈 ETH’s Recent Surge
Powell’s dovish hints of a possible rate cut helped spark ETH’s latest push.
Price briefly surpassed its 2021 high, marking a new cycle breakout.
💰 Hayes’ Track Record & Positioning
In May, he called for ETH to hit $4K–$5K by year-end.
In July, he escalated to a $10K call, citing ETH as one of the “most hated assets.”
Now: sees ETH pushing to $20K before the cycle ends.
Hayes himself has been loading up ETH, with wallets holding 50M+ in ETH and staked ETH, per Arkham Intelligence.
⚡ Big Picture
Hayes’ thesis rests on macro liquidity + institutional demand. If the U.S. pivots to large-scale QE, he expects Ethereum and other risk assets to soar until at least 2026.
👉 In his own words: “We are going to have a massive bull market in all types of financial assets connected to anything Trump believes is important, between now and when he exits office.”
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