Ethereum to Hit $10K and ‘Tear the Market a New Asshole’, Says Arthur Hayes

Key Points

1. Arthur Hayes, co-founder of BitMEX, believes Ethereum (ETH) could hit $10,000 by year-end, doubling his previous $5,000 prediction.

2. ETH recently traded at $3,590, down slightly from its 2025 high of $3,844 but still 27% below its 2021 peak of $4,878.

3. Hayes attributes ETH's potential rise to its popularity among Western institutional investors and strong inflows into ETH ETFs, including a record $2.1 billion in one week.

4. He compares the current market dynamics to 2020, when credit growth led to a 15x Bitcoin surge, suggesting similar gains for ETH.

5. Hayes also maintains a bullish outlook on Bitcoin, predicting a $250,000 year-end price with a 60% likelihood.