Arthur Hayes “Bitcoin will go to $250,000…Ethereum could also reach up to $20,000”

Arthur Hayes, co-founder of BitMEX, has made a strong upward forecast for Bitcoin and Ethereum. He stated that Bitcoin could reach up to 250,000 dollars by the end of the year, and also mentioned the possibility that Ethereum could surpass 5,000 dollars and rise to as much as 20,000 dollars.

In a recent interview on the Bankless YouTube channel, Hayes revealed the composition and strategy of his investment fund ‘Maelstrom’. The fund allocates 60% to Bitcoin, 20% to Ethereum, and invests the rest in Altcoins and emerging tokens. He explained that he holds tangible assets such as physical gold, gold mining stocks, and government bonds outside of cryptocurrency, achieving a balance of risk and safety.

He particularly projected that Bitcoin could rise between 150,000 to 200,000 dollars this summer and reach 250,000 dollars by the end of the year. However, he warned that a “strong correction” might accompany before reaching this target.

As for Ethereum, he provided an analysis that after surpassing 5,000 dollars this year, it could reach between 10,000 to 20,000 dollars in the long term. He identified the rise of Decentralized Exchanges (DEX) and technological innovation as key drivers, adding that a new cycle could come to the Altcoin market. However, he emphasized the need for caution with projects that have low trading volume and are overvalued.

Lastly, Hayes argued that the expansion of U.S. fiscal spending is undermining confidence in the dollar, and Bitcoin could establish itself as a global reserve currency due to its fixed supply and decentralized nature. The perspective of viewing Bitcoin not simply as an investment asset but as a ‘digital hedge’ against fiat currency collapse is gradually spreading.