Arthur Hayes Sees Fed Expansion Driving Ether Toward $10,000
BitMEX co-founder Arthur Hayes, known for framing crypto cycles through global dollar liquidity, is using the euro-yen exchange rate as a leading signal for the next shift in monetary conditions. He argues that movements in the pair could foreshadow pressure on the U.S. Federal Reserve to expand its balance sheet. An increase in dollar liquidity would potentially favor risk assets, with cryptocurrencies likely among the earliest beneficiaries.
Hayes now expects Federal Reserve balance-sheet expansion to be near and says Ether could test $10,000 by year-end as fresh liquidity reaches crypto markets. The target is a personal forecast rather than an announced policy outcome. Its realization would depend on the Fed’s actual decisions, changes in the euro-yen rate and investor appetite for risk; the central bank has not provided a formal timetable for the expansion Hayes anticipates.
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The history behind this eventArthur Hayes Favors Ether as Bitcoin Targets $1 Million
Arthur Hayes, co-founder of cryptocurrency derivatives exchange BitMEX, has long framed his digital-asset outlook around global liquidity and monetary policy. His latest call reinforces a bullish long-term case for Bitcoin, based on its constrained supply and potential demand amid expanding fiat liquidity. Yet his preference for Ether illustrates a distinction between the asset he expects to reach the biggest headline milestone and the one he believes offers stronger near-term upside.
Hayes said Bitcoin could reach $1 million by 2030, but he would direct new capital toward ETH at current levels. He estimates Ether could rise threefold to fivefold over the short term, making it, in his view, the more explosive opportunity for fresh allocations. The forecasts represent Hayes’ personal market outlook rather than guaranteed returns, and the reported comments did not establish a specific interim Bitcoin target or an exact timetable for Ether’s projected advance.
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