Ethereum can increase this cycle to $ 20k: Arthur Hayes

Ethereum can increase this cycle to $ 20k: Arthur Hayes

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BitMex co-founder Arthur Hayes says that Ethereum (ETH) could increase this cycle to $ 20K, fed by buying Ethereum Treasury companies and “absolutely insane” American money prints.

Co-founder of cryptobanter Ran Ran Neuner asked Hayes in a interview If he thinks ETH will fall to $ 3K before it sets up a new of all time (ATH) or if another scenario will take place.

“The graph says it goes higher,” he said. “I think ETH ten, twenty thousand goes before the end of this cycle. Once it is broken, you know that there is an opening of air.”

His prediction comes when the Ethereum price streamed More than 7% in the last 24 hours to act at $ 4,603.78 from 10:40 am Est.

EHH rose together with other cryptos after FED chairman Jerome Powell, speaking on the Jackson Hole Summit, said that the economic background in the US can “justify adapting our policy position”, suggesting that interest reductions are in the game for September.

Ethereum Treasury Companies Main Riding Power

Hayes said that the growing number of companies raise money to buy the Altcoin to build Ethereum treasuries behind his bullish thesis.

As the price of ETH rises, he predicts that it will be easier for those companies to raise more money, which will lead to more purchases and then send the ETH price higher.

That is like companies such as Sharplink Gaming, which is led by Ethereum co-founder Joseph Lubin, and Bitmine Immersion Technologies, led by Fundstrat Cio Thomas Lee, continue to buy more ETH.

Data from Strategiceth Reserve shows that 69 Ethereum Treasury companies currently have 4.10 million ETH.

Top 5 largest ETH Treasury companies (source: Strategic ethrenerve))

Bitmine is the current leader with 1.5 million ETH with a value of $ 6.55 billion on the balance sheet. Sharplink Gaming is in second place with his 470.8K ETH companies with a value of $ 3.18 billion.

“Heaven is the limit,” said Hayes.

The government will become “absolutely insane” and print money

Another important factor that drives the ETH price higher will be our money prints.

He said that government officials “were not in their groove about how they are already going to print money.”

“They stop all the pieces” and “tease different ways” in which they could print more money, Hayes said.

He predicts that the market will have more clarity in mid-2026 about the collision of the Trump-fed. In particular whether Trump will fire Powell for someone else and who will be the next Fed chair.

He then believes that the government “will be absolutely insane with how much money they will print.” He expects this to print until Trump leaves the office.

That can lead to a “long-term” crypto market cycle that breaks out of the usual 4-year trend and lasts until 2027 or 2028, he said.

The basic case of Hayes is that “we are going to have a huge bull market” for all types of financial assets related to everything that Trump “thinks it is important between now and when he leaves the office.”

The only thing that voters care is “their wallet,” he said. He then argued that if voters have the feeling that they are not ‘improving’ economically while Trump is in office, they will simply choose ‘the other man’.

Hayes prefers ETH above Sol for this cycle

Hayes said that both Eth and Solana will “go up”, but added that Sol will probably not beat ETH. While ETH is “the larger possession to move”, there is “a lot of money it follows,” he said.

As such, Hayes says that he would be ‘more overweight ETH’.

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