BitMEX Arthur Hayes Predicts $100,000 Ethereum and $1 Million Bitcoin

Arthur Hayes, the co-founder of BitMEX and the CIO of Maelstrom family office, has made some bold predictions for the future prices of Bitcoin (BTC) and Ethereum (ETH). He claims that the crypto bull market has started and that the time to buy is now.

Hayes believes that Bitcoin, the leading cryptocurrency by market cap, will reach a staggering $1 million per coin. He also expects Ethereum, the second-largest crypto and the platform for smart contracts and decentralized applications, to skyrocket to $100,000 per coin. This would represent a massive increase of over 4,600% from its current price of around $2,100.

This summer I visited the ancestors in Rapa Nui and I asked them when the bull market would arrive?

They told me to be patient, read the words of the Lord, and I would know when to YOLO.

The time is now!$BTC = $1mm$ETH = $100k

Yachtzee bitches!!! pic.twitter.com/ufV9nthSDg

— Arthur Hayes (@CryptoHayes) November 10, 2023

Hayes bases his predictions on the global currency debasement and the increasing adoption of crypto as a reserve asset. He says that Bitcoin and Ethereum are the “crypto’s reserve assets” and that “everything else is a sh*tcoin”. He also acknowledges that there are other opportunities in the crypto space, such as layer-one blockchains like Solana and various decentralized applications and their tokens, but he warns that they are risky and overhyped.

Hayes is known for his outspoken and controversial opinions on crypto and has frequently shared his bullish views on Bitcoin in the past. He is currently facing charges from the U.S. authorities for allegedly violating anti-money laundering laws and operating an unregistered trading platform. He has denied any wrongdoing and has been cooperating with the regulators.