- Arthur Hayes anticipates extended Ethereum bull run.
- Ethereum could reach $10,000 by 2025.
- US stablecoin policies may expand the crypto market.
Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, predicts Ethereum’s price could reach $10,000 by the end of 2025, as discussed in a recent podcast episode.
This outlook reflects broader market optimism, influenced by the GENIUS Act and potential stablecoin policies, signaling prolonged bull cycles for Ethereum and DeFi tokens.
Arthur Hayes, co-founder of BitMEX and Maelstrom’s CIO, predicts Ethereum’s bull run to extend beyond traditional market cycles, potentially until 2027. This view challenges the usual halving-driven cycles and suggests long-term growth fueled by new market drivers.
Hayes highlights the impact of US fiscal policy and ambitions to incorporate the Eurodollar market into regulated US stablecoins. He sees this as key to Ethereum and crypto’s continued growth, suggesting a barbell investment strategy for maximum gains.
The expected shift into stablecoin-friendly markets could greatly enhance Ethereum’s value. The market impact may include increased liquidity flows into DeFi platforms, which are poised to benefit from institutional interests and macroeconomic developments.
Belief in Ethereum reaching $10,000 by 2025 stems from it “catching up” after underperformance against other Layer 1 solutions. The GENIUS Act aligns with these hypotheses by providing legal frameworks that support stablecoin integration and market expansion.
The evolving regulatory landscape opens doors for broader adoption of crypto-assets, potentially extending the current cycle. Ethereum remains a major player in this changing environment, influenced by macroeconomic shifts and regulatory changes, which can fuel long-term growth.
Historical trends suggest cyclical bull runs, but Hayes insists on 2027 as a possible extension, underpinned by data from stablecoin adoption and on-chain flows. His contrarian macro views consistently illustrate a bullish case for sustained market momentum. As Hayes stated, “I think ETH can go to 10,000 easily by the end of the year. … The ETH story, ETH is still massively underperformed given where a lot of other layer ones have been this cycle and I think it’s going to play catch-up.”
