Arthur Hayes bets on $10k Ethereum and CryptoPunks as new status symbols

Arthur Hayes bets on $10k Ethereum and CryptoPunks as new status symbols

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Arthur Hayes, chief investment official at MAELSTROM and former CEO of Bitmex, shared a very optimistic look ETHEREUM (ETH)The prediction that the digital origin can reach a new one at all A rise of 10,000 dollars By the end of the year.

In the July 23 blog mailHayes described Eth as “great great encryption”, similar to his current feelings Solana the next FTX The collapse in 2022 before the meteorite rose from $ 7 to $ 280.

Hayes believes that the momentum is now changing. It indicates Using ethereum increasing in corporate wardrobes Strategies and support from the great Western institutional players, including Tom Li from Fundstrat, as signs of an imminent gathering.

He suggested that establishing institutional confidence can lead to the outbreak of the market, saying that investors should be proactive.

According to him:

“Buy first, ask questions later.”

Cryptopunks eth can be superior

While ascending on Ethereum, Hayes also argued that Cryptopunks NFTS can outperform ETH by value in dollars.

He thought that Ethereum holders would likely direct their profits to NFTS as the staff, which reflects broader societal behaviors about wealth and prestige.

Hayes interrogation:

“[NFTs are] Internet condition game. The entire global economy is outside the production of food and energy giant status game, why will the Internet community be different? “

This perspective repeats the comments from Yoo SioAnimoca Brands, from It compares NFTS with luxurious elements such as Rolex watches Or Birkin bags. According to SIU, people buy these elements mainly because of their cultural symbols of identity and belonging instead of their functions.

Cryptopungs, which was launched in 2017 as one of the first NFT projects on Ethereum, has gained a legendary position in the world of digital art.

At the peak of the market in 2021, the group’s word price was 125 ETH on average, but its value decreased dramatically during the winter in the market to 21 ETH.

However, with a NFT space with something recently from the Renaissance, the value of Cryptopunks increased last week by more than 20 % to 48 ETH, which is equivalent to $ 177,000.

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