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Arthur Hayes: Ethereum End-of-Year Price Target $10,000, Bitcoin $250,000
BlockBeats News, July 23rd, according to Cointelegraph, BitMEX co-founder Arthur Hayes stated that by the end of this year, Bitcoin will reach $250,000, and Ethereum will reach $10,000.
He also mentioned that Trump's wartime economic policies have led to a credit expansion flowing into cryptocurrency, with stablecoin issuers purchasing Treasury bonds to offset government deficits.
It is worth noting that on May 30th this year, Arthur Hayes believed that Ethereum could rise to $5,000 this year.
On July 3rd, Arthur Hayes wrote, "From now until Jerome Powell speaks at the Jackson Hole Fed meeting in August, the market will consolidate at a slightly lower level. If the TGA refill is proven to be detrimental to USD liquidity, the downside is between $90,000 and $95,000. If the refill is proven to be inconsequential, Bitcoin will hover around $100,000 and will not surpass the historical high of $112,000."
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