At the beginning of April, the Ethereum race fell to a low point of approximately $ 1,400. Only a few weeks later, sentiment has completely changed: the rate is now around $ 2,500 – a significant increase in a short time.
Yet Bitmex founder Arthur Hayes thinks this is only the beginning. In an interview with the YouTube channel Bankless, he outlines a scenario in which the Ethereum can rise to $ 10,000, or even $ 15,000.
Why Arthur Hayes is optimistic about Ethereum
According to Hayes, we are in a fundamental transition of the global monetary system. Trust in American government bonds as a global reserve is declining. Instead, capital increasingly flows towards alternative value carriers such as gold and bitcoin (BTC).
Ethereum, says Hayes, is a more attractive option for investors who are willing to take a little more risk in this new landscape. He speaks of a “High-Beta” Activum: an investment that can rise stronger when central banks make money creation again.
“They are going to print money again,” says Hayes. “And that means that gold and bitcoin go through the roof. Ethereum can follow.”
According to him, the market sentiment is currently working in favor of ETH. After a period in which Ethereum lagged behind competitors such as Solana, the tide seems to be turning.
No straight line up yet
Yet Hayes warns that the path to $ 10,000 will not be a straight line. Ethereum has lost site in recent years compared to Bitcoin. Recently the ETH/BTC ratio even reached the lowest point in five years.
But it is precisely this undervaluation that could be a chance. Hayes thinks that more clarity about regulations and a renewed interest in decentralized finance (Defi) with sustainable revenue models can stir up the interest in Ethereum. He refers to the Bullmarkt of 2021, when Defi projects such as Uniswap (Uni) and Curvedao (CRV) rose sharply in value.
Source: https://newsbit.nl/ethereum-koers-naar-10-000-arthur-hayes-denkt-van-wel/
