Prominent cryptocurrency figure Arthur Hayes has made significant year-end price predictions for the leading digital assets Bitcoin and Ether, anticipating major bull runs for both.
In a recent analysis, Hayes specifically forecasted that Bitcoin (BTC) could reach $250,000 by the conclusion of the year. He cited long-term fundamental bullish trends for the original cryptocurrency.
Simultaneously, Hayes predicted that Ether (ETH), the native token of the Ethereum network, will surge to a price of $10,000 within the same timeframe. His projection relies heavily on anticipated growth within the decentralized finance (DeFi) sector and heightened activity surrounding tokens built on Ethereum using the ERC-20 standard.
Hayes particularly emphasized the expected role of speculative, high-risk trading participation by retail investors, commonly referred to within the crypto community as ‘degen’ activity, as a key driver in the predicted Ether upswing. He views this behavior as a primary catalyst for the Ethereum ecosystem’s performance.