Arthur Hayes, the Former CEO of Bitmex, harped on the potential of Ethereum registering $10,000 in value by the end of 2022. But, he reiterates that the market could be turbulent, especially in the middle of the year.
More so, Hayes also expressed his opinion regarding the downfall of Terra, which is the direct result of the increase in the rates of the Federal Reserve and the liquidity crises that pushed the stablecoin price to crash.
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Ethereum To Hit $10K Despite Volatile Market
On a broader spectrum, once you look at ETH’s potential for the long-term, Hayes is confident that the crypto can exponentially grow and shoot to $10,000 at the end of the year.
The market may be erratic at the moment, but ETH and the rest of the cryptocurrencies would revert back into shape once the central bank also decelerates the rate increase process.
The collapse of Terra is doomed from the onset because of its own programming. The Fed policies on the tightening of global central banks pressing on the liquidity problems are just the tip of the iceberg. It was all in the bag.
Hayes believes that ETH will reach $10,000 by the end of 2022 if the bullish trend continues, despite the volatility of the cryptocurrency market (Medium).
Hayes has recently announced in April why 2022 is destined to be a spectacular year for Ethereum. He says that once the blockchain transitions to a proof-of-stake (POS) system, it will now be commodity-based or a “currency bond” as opposed to BTC, which he says is “pure money.”
Further, he states that ETH is a better investment than the BTC and other coins. The transition that is set to happen in the summer of 2022 will be the tipping point that will put Ethereum ahead of the game.
ETH More Superior Than BTC
Hayes has strong convictions about how ETH is superior to BTC because he says, “ETH is a commodity used to power the computer, not a pure monetary instrument.”
Hedging your ETH/USD or local currency would mean you receive income or a premium of +6.90%. Michael Saylor, a major Bitcoin holder, issues a corporate bond with buying Bitcoin.
Hayes recommends that people should buy Ether and issue ETH bonds. The logic behind this is that someone who purchases ETH will automatically be identified as a DeFi or Metaverse company, increasing the stock price.
ETH total market cap at $213.5 billion on the daily chart | Source: TradingView.com
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With ETH shifting to a proof-of-stake mechanism real soon, Hayes believes that ETH can drive more ESG funds and get immunity from regulatory issues. More people are pushing for a proof-of-stake mechanism because it is eco-friendly compared to the proof-of-work mechanism.
On the Ethereum price hike, Hayes says that this might not happen soon as the general market condition could be shaky and highly volatile. The only hope here is that the Fed would rethink its regulations and not put so much pressure on the crypto market.
Despite the fluctuations in the crypto market, Hayes believes that Ethereum can hit $10,000 at the end of 2022 once the bullish trend carries on.
Featured image from Cryptonary, chart from TradingView.com
FAQs
You could lose all the money you invest.
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. The cryptoasset market is generally unregulated.
Could Ethereum reach $100,000? ›
While Ethereum can hit $100,000 after 2030, it is not realistic to expect ETH to reach 100k before 2030. It's nearly impossible. There is no path for Ethereum to hit 100k before 2030, it's impossible. ETH can realistically hit $10,000 in the coming years, either in 2025 or in 2026.
Could Ethereum hit 10k? ›
10 Years of Decentralizing the Future
"[Ether] could very well go above $8,000, $10,000 this year, maybe even higher," said Leon in an interview with CoinDesk Markets Daily.
Can Ethereum reach $50,000? ›
Can ethereum reach $50,000? Ethereum prices could surpass $50,000 by 2030 in a best-case scenario, according to VanEck. But that would require a significant rise in activity on the ethereum blockchain over the next six years.
Is it hard to cash out Ethereum? ›
Direct withdrawals to bank accounts can take a few business days, while using Ethereum ATMs or debit cards can be instantaneous. Based on buyer availability and platform processing times, P2P transactions and exchanges may vary from a few hours to several days.
How high could Ethereum go? ›
Price prediction for ETH in 2025
Bitcoin and many altcoins are also expected to reach historic all-time highs 12-18 months after these halving events, so 2025 may be the year we see these increases. Based on these projections, ETH might achieve an all-time high of $6,600, a new low of $2,800, and an average of $3,200.
Can Ethereum make you a millionaire? ›
Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood. With the recent halving and spot exchange-traded funds (ETFs) driving demand, Bitcoin has had the spotlight for much of 2024.
Can Ethereum reach $20,000? ›
Analysts have predicted ethereum is set to soar to almost $20,000 by 2025, an increase of 400% from its current price, with "major upgrades" to the ethereum network potentially pushing it higher. What kind of tech updates and adoption would it take for Ethereum to reach $20,000? Is $20k even possible?
Will ETH hit $3,000? ›
10 Years of Decentralizing the Future
The price of ether (ETH), the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Tuesday, continuing a recent hot streak.
Can ETH reach 10k in 2024? ›
So I would say that Ethereum is poised to grow in value for years to come, and I do expect the price to rise in 2024. I just can't promise that it will break the $10,000 barrier by the holidays. Patience is a digital virtue, dear reader.
If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?
How high can Ethereum go in 2024? ›
Our most recent Ethereum price forecast indicates that its value will increase by 1.51% and reach $3,179.55 by May 06, 2024.
Can Ethereum reach 40k? ›
Ethereum functions more like a network that is continually updated and maintained by validators who receive ETH as compensation for their contributions and efforts. Many experts envision ETH reaching a valuation of $40,000 by 2030. While this might seem ambitious, it is not entirely implausible.
How much will 1 ETH be worth in 2030? ›
Ethereum (ETH) Price Prediction 2030
According to your price prediction input for Ethereum, the value of ETH may increase by +5% and reach $ 4,140.93 by 2030.
Can Ethereum reach $15,000? ›
Ethereum Price can reach $15000 by 2028 if the economic environment improves next year and blockchain adoption takes off over the next 3 years.
Is it worth putting money in Ethereum? ›
Experts acknowledge that due to several use cases and its unique blockchain, Ethereum has a stable future, and there is a chance it may perform exceptionally well compared to Bitcoin. However, it is considered highly unlikely for Ethereum to surpass the price of Bitcoin.
Can I lose more than I invest in crypto? ›
Yes, it is possible to lose more than your initial investment when purchasing cryptocurrencies like Bitcoin or Ethereum. This is because the cryptocurrency market is highly volatile, which means the value of cryptocurrencies can fluctuate greatly in a short period of time.
Is Ethereum still a good investment? ›
Buying Ethereum can be a profitable investment even for those who are not involved in exchange trading. Experts agree that the cryptocurrency market is now heading into the next bull cycle. Time will tell if it will be as powerful as it was in 2021, but simply buying the asset could be a good investment.
