Crypto: Arthur Hayes bets on an Ethereum at $ 20,000!

While the asset has just broken its historic record, Arthur Hayes, the founder of Bitmex, relaunches the debate by advancing a shocking prediction: Ethereum could reach between 10,000 and 20,000 dollars by the end of the Haussier cycle. A declaration which, in a climate of high monetary uncertainty, resonates as a strong signal for the crypto ecosystem, between personal conviction, macroeconomic and dynamic of a real market.

Anticipation carried by macroeconomics and technical analysis

While Ethereum attracts an increasing interest thanks to a strong activity on-chain, Arthur Hayes did not mince his words during his intervention on the Podcast Crypto Banter. Asked about his projections for Ethereum, the former Bitmex CEO said: “I think the ETH will reach 10,000 or 20,000 dollars before the end of the cycle”.

This cycle, which he associates with the entire current bullish phase, could culminate under a Trump administration, which he anticipates a return to aggressive monetary creation policies. He has clarified :: “We have 2026 until the end of Trump's mandate so that they go completely crazy with the amount of money they will print”.

This prospect of the massive return of monetary creation by the American federal reserve constitutes, according to Hayes, a major catalyst for high -risk financial assets, of which Ethereum would be one of the first beneficiaries.

To strengthen his argument, Hayes is also based on recent technical signals. Ethereum has indeed crossed a new historic summit at 4,880 dollars, exceeding its previous record of November 2021.

This ATH crossing represents a regime change for the market. Hayes thus sums up the phenomenon: “Once the threshold is crossed, there is an air vacuum upwards”.

In other words, psychological resistance being broken, the market becomes more conducive to an accelerated increase. Several elements support this technical analysis:

• The price of the ETH jumped 15 % in 24 hours, at the very moment when the president of the Fed adopted a more accommodating tone in Jackson Hole;

• The crossing of ATH has created a psychological training effect among investors;

• The macroeconomic environment suggests a future monetary softening, which tends historically to promote cryptos.

Institutional accumulation and growing weight of ETHEREUM

Beyond macroeconomic anticipations, Hayes also bases his analysis on concrete market dynamics. He notably highlights the massive accumulation of ETH by certain digital cash companies, citing Bitmine Immersion Technologies and Sharplink Gaming.

These two entities alone would hold more than $ 10 billion in Ethereum, illustrating a global tendency in institutional adoption. “It will be easier to raise funds if the assets you buy has exceeded its historic summit and continues to climb” explains Hayes, highlighting the lever effect that a bull movement can produce on the investment decisions of institutional actors.

Another central point of its reasoning lies in the rise of ETFE ETHEREUM, which recorded record entrants in July. These funds now have more than 5 % of the total ETH offer.

Such a movement does not only reflect the growing interest of the traditional financial sector for Ethereum, but it also contributes to reducing the available offer on the market, which can accentuate the upward pressure on prices.

Besides, Hayes is not just an external commentator. He is personally exposed to the assets. Indeed, it has acquired around 1,800 ETH, for a value of more than $ 8.6 million, bringing the balance of its portfolio to more than $ 50 million in Eth and derivatives.

The convergence of these factors, inputs supported, accumulation by institutional actors and personal involvement of Hayes, could well amplify the scenario he describes. However, these dynamics, as powerful as they are, do not eliminate uncertainties: persistent volatility, dependence on the American political calendar, regulation under construction. If the CAP of 20,000 dollars still seems distant, the current orientation of the Crypto market and the identified structural signals no longer allow to exclude this hypothesis.