BTC will hit $1M by 2030... but Arthur Hayes is buying ETH instead
Arthur Hayes says Bitcoin is going to grind higher from here, but Ethereum is his number one pick due to its potential to increase “3x to 5x pretty quickly.”
Arthur Hayes, co-founder of BitMEX, anticipates Bitcoin to reach the seven-figure mark by 2030, attributing the potential to several factors including the collapse of the AI bubble, massive money printing, and potential US yield curve control. While Bitcoin is up 22.15% over the past 30 days, Hayes is currently investing in Ethereum, predicting a potential 3x to 5x increase for the cryptocurrency.
Hayes attributes Ethereum's potential growth to its role as the base layer for decentralized finance (DeFi) and its current undervaluation compared to its 2021 all-time high. Despite being pardoned by former US President Donald Trump, Hayes believes Trump's influence on crypto asset prices is negligible, encouraging investors to focus on factors such as monetary policy and regulatory bodies like the Federal Reserve and Treasury Department.
Hayes views Ethereum as a better investment option due to its risk-reward ratio and its potential for substantial growth.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
