$10,000 ETH Call: Why Arthur Hayes Is Betting on the “Most Hated L1”
- Influential investor Arthur Hayes has laid out a conviction case for the price of Ethereum to reach $10,000
- His thesis is backed by on-chain data showing whales accumulated a massive 6 million ETH in June alone
- He views ETH as the best “high-beta” asset to capture gains from a new wave of global liquidity
Arthur Hayes (former BitMEX CEO and current CIO of Maelstrom) has made some bold bullish calls on Ethereum, suggesting it could reach $10,000. He shared a chart on X with a potential reversal point, suggesting that ETH could skyrocket. At the moment, Ethereum is sitting at around $2784.
This isn’t the first time Hayes has been talking optimistically about Ethereum, especially in recent months. In late May, he called Ethereum the “most hated Layer-1”, saying that it’s usually best to be in the most hated asset at the turn of the cycle. Hayes then predicted that at the very least, ETH could reach a new all-time high this year.
Why Hayes is so bullish on ETH
Before, he mentioned a wider shift away from US Treasuries, where gold and Bitcoin are serving as safe assets, while ETH offers high beta gains amid rising liquidity and capital controls. Wit…
The post $10,000 ETH Call: Why Arthur Hayes Is Betting on the “Most Hated L1” appeared first on Coin Edition.
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$10,000 ETH Call: Why Arthur Hayes Is Betting on the “Most Hated L1”
- Influential investor Arthur Hayes has laid out a conviction case for the price of Ethereum to reach $10,000
- His thesis is backed by on-chain data showing whales accumulated a massive 6 million ETH in June alone
- He views ETH as the best “high-beta” asset to capture gains from a new wave of global liquidity
Arthur Hayes (former BitMEX CEO and current CIO of Maelstrom) has made some bold bullish calls on Ethereum, suggesting it could reach $10,000. He shared a chart on X with a potential reversal point, suggesting that ETH could skyrocket. At the moment, Ethereum is sitting at around $2784.
This isn’t the first time Hayes has been talking optimistically about Ethereum, especially in recent months. In late May, he called Ethereum the “most hated Layer-1”, saying that it’s usually best to be in the most hated asset at the turn of the cycle. Hayes then predicted that at the very least, ETH could reach a new all-time high this year.
Why Hayes is so bullish on ETH
Before, he mentioned a wider shift away from US Treasuries, where gold and Bitcoin are serving as safe assets, while ETH offers high beta gains amid rising liquidity and capital controls. Wit…
The post $10,000 ETH Call: Why Arthur Hayes Is Betting on the “Most Hated L1” appeared first on Coin Edition.
Read More