Arthur Hayes Predicts Ethereum Could Reach $20,000
Ethereum has hit a new all-time high, but according to Arthur Hayes, it could still climb much higher.
Hayes, the founder of BitMEX, believes Ethereum’s price could rise to $10,000 or even $20,000 before the current bull run ends. He shared this prediction on the Crypto Banter podcast, saying that once Ethereum breaks its old record, it could keep moving up quickly.
He explained that crypto companies raising funds will find it easier to attract money if Ethereum keeps setting new highs.
On Friday, Ethereum reached a new peak of $4,789, just above its 2021 record. The price jump came after U.S. Federal Reserve Chairman Jerome Powell hinted at possible interest rate cuts, which usually support risk assets like crypto.
Ethereum’s growth is also being boosted by:
- Crypto treasuries such as BitMine Immersion Technologies and SharpLink Gaming, which together hold over $10 billion worth of ETH.
- Ethereum ETFs, which saw record inflows in July and now control more than 5% of ETH’s total supply.
Hayes has been bullish on Ethereum for months. Back in May, he predicted it would reach $4,000–$5,000 by the end of the year. In July, he raised that target to $10,000, calling ETH one of the “most hated assets” that could surprise the market. Now, he thinks it might even reach $20,000.
His reasoning is linked to U.S. politics. Hayes expects President Donald Trump’s administration to print large amounts of money (quantitative easing), which could push up the value of assets like crypto.
“We could see a massive bull market in financial assets between 2026 and the end of Trump’s term,” Hayes said.
Hayes also holds a large personal stake in Ethereum. According to blockchain data, he has bought around 1,800 ETH (worth $8.6 million) since August 10. In total, his wallet holds more than $50 million in ETH and staked ETH.
