BitMEX co-founder Arthur Hayes has forecasted that Ethereum (ETH) will lead the upcoming cryptocurrency supercycle, potentially reaching a price of $10,000.
The prediction hinges on accelerating institutional demand and expanding use cases for Ethereum, particularly within the decentralized finance (DeFi) and non-fungible token (NFT) sectors.
Hayes pointed to significant recent inflows into Ethereum-focused investment products and exchange-traded funds (ETFs) as evidence of growing market confidence in ETH’s potential for substantial growth.
His investment firm, Maelstrom, reportedly holds significant positions in Ethereum and various ERC-20 tokens, underscoring Hayes’s conviction that ETH will play a central role in the market’s next major phase.
While Hayes also anticipates Bitcoin reaching $250,000, he projects more aggressive near-term growth for Ethereum. He attributes this to the strength of Ethereum’s ecosystem, including ongoing advancements in Layer 2 scaling solutions.
Hayes’s bullish outlook suggests the next market cycle will favor blockchain projects demonstrating sustainable growth models, strong developer communities, and clear utility within the Web3 landscape.