Ethereum Could Still Reach $10,000 at the End of the Year: Arthur Hayes

  • Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, expressed conviction on the broader market in the medium and long term, reiterating that Ethereum could still reach $10,000 at the end of the year.
  • As the prices of Bitcoin and Ether were both nearing the prior local tops, respectively, Hayes predicted that Bitcoin’s bottom might be in the range of $25,000 to $27,000 while Ether’s bottom may sit in between $1,700 to $1,800.
  • In his view, the market currently is either nearing or at the bottom of the cycle, and a comeback would begin once the Fed slows down the rate hiking process.

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