BitMEX Founder Arthur Hayes Suggests Ethereum Could Potentially Reach $10,000 This Year
Main Idea
Arthur Hayes, former CEO of BitMEX, predicts Ethereum could reach $10,000 in 2024, driven by institutional inflows, macroeconomic factors, and strong market momentum.
Key Points
1. Arthur Hayes more than doubled his Ethereum price prediction from $4,000-$5,000 to $10,000 for 2024.
2. Ethereum recently hit a 2024 high of $3,844, though still below its 2021 peak of $4,878.
3. A record $2.1 billion flowed into Ethereum ETFs in one week, signaling strong institutional interest.
4. Hayes cites macroeconomic factors like credit growth and liquidity expansion as catalysts for Ethereum's rise.
5. Hayes also forecasts Bitcoin could reach $250,000 by year-end, with a 60% probability Ethereum surpasses its previous peak in 2024.
Description
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