Arthur Hayes Bullish on ETH, Predicts $20K Surge | Live Bitcoin News

Arthur Hayes, BitMEX co-founder, shares his bullish predictions for Ethereum in a recent interview, revealing his strategic investment moves and ambitious price targets.

Hayes has repositioned his portfolio by buying back ETH and overweighting it against Solana, citing strong technical signals and market dynamics. His bold prediction suggests Ethereum could reach $20,000 by the end of this market cycle, a significant increase from his earlier $3,000 forecast. The crypto veteran bases his optimism on historical market patterns, Ethereum's growing role in DeFi and NFTs, and ongoing network upgrades improving scalability and efficiency.

• Hayes switched from earlier conservative predictions to forecasting ETH at $20,000 based on technical chart analysis
• He now holds more Ethereum than Solana in his portfolio, signaling stronger confidence in ETH's potential
• His predictions draw from past market cycles, particularly referencing ETH's 2021 bull run to nearly $4,900
• Ethereum's expanding ecosystem in decentralized finance and NFTs supports his long-term bullish outlook