BitMEX co-founder Arthur Hayes has made new statements regarding Etheruem and Solana.
BitMEX co-founder Arthur Hayes, who has made a name for himself with his bold predictions in the cryptocurrency market, made new statements about Etheruem (ETH) and Solana (SOL).
Hayes, who has started investing in altcoins again, one of which is Ethereum, predicted $20,000 for ETH.
Arthur Hayes said in a recent interview that he is buying back Etheruem and altcoins after taking profits.
As for the reason for their buyback, Hayes stated that the ETH chart is pointing upwards.
“I bought back some of the ETH I sold. Because the chart shows it will go up. So I can’t fight the market.”
Arthur Hayes, who also compared Solana to Ethereum, admitted that both networks have strong ecosystems.
However, Hayes stated that he still prefers Ethereum over Solana this cycle. The famous figure also shared his price prediction for ETH, stating that it could rise to between $10,000 and $20,000 by the end of this cycle.
Hayes also considered US President Donald Trump’s focus on economic success as a positive factor for the cryptocurrency market.
“While it may be difficult to reach that level in the very short term, the asset-friendly policy orientation and capital inflows from digital asset treasury companies in this cycle and during the Trump administration will drive the upward trend.
“Also, in the short term, Solana may offer higher returns, but in terms of market size and stability, Ethereum has a better risk-adjusted return profile.”
In early August, Arthur Hayes predicted that Bitcoin would test $100,000 and ETH $3,000, stating that no major economy was currently generating credit fast enough to increase nominal GDP. However, Hayes appears to have backtracked on these bearish predictions in a recent interview.
