Arthur Hayes, co-founder of BitMEX, shares his insights on the future of Ethereum and Bitcoin, making bold predictions about price increases for these cryptocurrencies.
Predictions for Ethereum
Hayes recently commented that he repurchased Ethereum because "the chart shows it's going higher." He believes Ethereum can reach as high as $20,000 this cycle. He indicated he is now more bullish on ETH compared to SOL.
Crypto Market and Economic Instability
At the time of writing, Ethereum is trading at $4300 with a slight increase of 0.28%. During discussions, Hayes also noted Bitcoin could test $100,000, reaffirming his faith in cryptocurrency even amidst global economic uncertainty.
Economic Warnings
Hayes also cautioned about a massive economic threat he refers to as the $9 trillion storm, warning of potential severe stress in various financial systems. He noted that this could reveal the vulnerabilities of traditional money systems, whereas cryptocurrencies like Bitcoin and Ethereum might hold firm. Hayes highlighted key economic facts, including the dangers of excessive money printing and possible collapse of traditional financial institutions.
Arthur Hayes continues to provide valuable commentary in the crypto space. His predictions for Ethereum and Bitcoin emphasize the need for market observers to pay attention to global economic conditions.