Arthur Hayes sees $ 20k ETH Vooruit, why he supports Ethereum about Solana

Co-founder of BitMex Arthur Hayes has made a striking prediction for Ethereum (ETH), which suggests that it could be active somewhere between $ 10,000 and $ 20,000 for the end of the current market cycle.

In a recent interview, the influential investor also revealed a strategic preference for ETH over his rival, Solana (SOL).

Hayes shifts from caution to trust

At the beginning of August, Hayes sold more than $ 8 million to ETH alongside Pepe and ENA and said that he was expecting a correction in the market because of the rates of US President Donald Trump and constant global tensions. At the time, he projected that the world’s second largest cryptocurrency could withdraw to $ 3,000.

However, that image quickly unraveled, with ETH that increased by $ 4,000, so that Hayes has the return to buy it back after it had actively pumped 20% in a week. In mid-August, the crypto entrepreneur had added more than 1,700 ETH to his stock, worth more than $ 8 million, in addition to different trending altcoins, including Hype and LDO.

In this last interview, he explained Why he bought back the cryptocurrency, despite the fact that he has previously made a profit:

“I bought part of the ETH that I sold,” he admitted. “The graph says it goes higher. So I can’t fight the market. I think EH $ 10, $ 20,000 lasts before the end of the cycle.”

The Maalstrom CIO suggested that as soon as Ethereum is convincingly cleared, “it is an opening of air to the advantage.” Moreover, he pointed out how crypto-native companies raise money to actively buy it.

“It will be even easier to raise money if the active that they buy has just broken all his all time and it is only sent up. So I think heaven is the limit.”

He also tied his prediction to wider macro trends, and noted that political and economic dynamics in the US could feed risk provisions, with the argument that a financial assets that Trump backs and thinks that is important will go a huge bull run between now and when he leaves his office.

Ethereum vs. Solana

The interview also became the rivalry between Ethereum and Solana, with Hayes asked which he would go back about the current cycle. “They both go up,” he said. “The question is, which is more going up?” Further pressed, he confirmed, ‘correct’, when he was asked if he would be more overweight on ETH than Sol.

On the market, Ethereum is currently trading at $ 4,288 per coetecko, somewhat decrease by 0.2% in the last 24 hours and a more striking 7.4% in the past week. However, it has still risen by 14.8% in the past month, even if the price remains 12% lower under the high of November 2021 of $ 4,878.

In the meantime, Solana has gone 2.4% over the past seven days and 6% to $ 183. Toking has difficulty retaining the momentum after a peak at $ 293 in January, making it almost 37% of that high. But looking on a monthly scale, it remains active in a positive area with a modest profit of 5.1%.