Ethereum Could Soar Up To $20K This Cycle: Arthur Hayes

Ethereum Could Soar Up To $20K This Cycle: Arthur Hayes

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The co -founder of Bitmex, Arthur Hayes, says that ETHEREUM (ETH) can reach $ 20,000 in this course, and nourish it by purchasing ethereum and printing American money “fully crazy”.

Ran co -founder of Cryptobanter Ran Neher asked Hayes at interview If it is believed that ETH will decrease to $ 3,000 before it continues to set the highest new level (ATH) or if another scenario will be operated.

He said: “The graph says it is going above.” “I think ETH goes ten, twenty thousand before the end of this cycle. Once it is broken, you know that there is a gap of air.”

Its prediction comes as ETHEREUM Rise More than 7 % in the past 24 hours for trading at 4,603.78 dollars from 10:40 am EST.

ETH has risen alongside other encryptions after Federal Reserve Chairman Jerome Powell, speaking at the Jackson Hall summit, said that the economic background in the United States “may guarantee the control of our political position”, indicating that interest rate discounts play in September.

Ethereum cabinet companies main driving force

Hayes said that the increasing number of companies that collect funds to buy Altcoin to build an ethereum treasury is behind its upscale thesis.

With the rise in ETH prices, it is expected that it will be easier for these companies to raise more money, which will lead to more purchases and then send the ETH price up.

This is like companies such as Sharplink Gaming, led by Ethereum Joseph Lubin, and Pennis Technology, led by Cio Thomas Lee, in buying more ETH.

Data from strategies show that 69 ETHEREUM TERASURY currently owns 4.10 million ETH.

The largest treasury companies in ETH

The 5 best treasury companies in ETH (Source: Strategy))

BitMine is the current leader of 1.5 million ETH at a value of $ 6.55 billion in its public budget. In second place, Sharplink Gaming represents 470.8k ETH shares of $ 3.18 billion.

“The sky is the limit,” Hayes said.

The government will go to “completely crazy” and print money

Another major factor leads the higher ETH price is the printing of money in the United States.

He said that government officials “have not entered their groove on how to print money yet.”

Hayes said: “They put all the pieces” and “Irrigation of Different Roads” who can print more money.

It is expected that by mid -2016, the market will have some clarity about the clash of Trump. Specifically, whether Trump will expel Powell to another person and who will be the next Federal Reserve Chair.

After that, it is believed that the government “will go crazy completely with the amount of money they will print.” This print is expected to continue until Trump leaves his position.

He said that this may lead to a “lengthy” encoding market cycle that explodes from the usual direction for 4 years and continues until 2027 or 2028.

Hayes’s basic case is that “we will have a huge bull market” for all types of financial assets associated with anything that Trump believes is important from now and when the office comes out. ”

He said that the only thing that voters care about is their “wallet.” Then, if the voters felt that they were not “economically progressing” while Trump is in office, they would only choose “the other man.”

Hayes prefer ETH on Sol for this course

Hayes said that both ETH and Solana “will rise”, but they added this Soul “Maybe not” overcame Ehth. Although Eth “is the greatest assets for mobility”, there is “a lot of money chasing it.”

As such, Hayes says it “will be more than weight gain.”

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