Arthur Hayes, co-founder of the crypto exchange BitMEX, has made a bold prediction about Ethereum's potential rise to $20,000 this cycle, linking it to increasing company activity and expected monetary policy.
Ethereum Growth Prediction
Hayes stated that Ethereum could reach $10,000 to $20,000 before the end of the current cycle, basing his predictions on chart analysis and current market trends.
Factors Driving Growth
According to Hayes, one of the driving forces behind Ethereum's growth is the increasing number of companies creating their own Ethereum treasuries. He noted that 69 companies currently hold 4.10 million ETH. He believes that as the price of ETH rises, it will be easier for these companies to raise funds for further purchases.
Comparison of Ethereum and Solana
Hayes believes that while Solana will also rise, Ethereum will remain the more attractive asset for investors. He emphasized that investment volumes in ETH significantly surpass those directed towards SOL.
Hayes' forecasts about the future of Ethereum underscore optimism regarding the crypto market, which he believes could become more active due to US money printing policies. However, the question remains as to how significantly these factors will influence the market in the long term.
