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BitMEX co-founder Arthur Hayes says Ethereum (ETH) may soar as much as $20K this cycle, fueled by shopping for from Ethereum treasury companies and “completely insane” US cash printing.
CryptoBanter co-founder Ran Neuner requested Hayes in an interview if he thinks ETH will drop to $3K earlier than it goes on to set a brand new all-time excessive (ATH) or if one other state of affairs will play out.
“The chart says it’s going greater,” he stated. “I feel ETH goes ten, twenty thousand earlier than the tip of this cycle. As soon as it’s damaged via then there’s a niche of air.”
Arthur Hayes simply admitted he purchased again ETH as a result of “the chart says it’s going greater.”
He sees Ethereum operating as much as $20K this cycle.
He’s chubby $ETH 🚀 pic.twitter.com/Yd3q1t0aCe
— SamAlτcoin.eth 🇺🇸 (@SamAltcoin_eth) August 21, 2025
His prediction comes because the Ethereum worth surged greater than 7% up to now 24 hours to commerce at $4,603.78 as of 10:40 a.m. EST.
ETH surged together with different cryptos after Fed Chair Jerome Powell, talking on the Jackson Gap summit, stated the financial backdrop within the US “could warrant adjusting our coverage stance,” thus suggesting rate of interest cuts are in play for September.
Ethereum Treasury Corporations Most important Driving Power
Hayes stated the rising variety of firms which might be elevating cash to purchase the altcoin to construct Ethereum treasuries is behind his bullish thesis.
As ETH’s worth rises, he predicts that it will likely be simpler for these firms to lift extra money, which can result in extra buys and subsequently ship the ETH worth greater.
That’s as firms like SharpLink Gaming, which is led by Ethereum co-founder Joseph Lubin, and BitMine Immersion Applied sciences, led by Fundstrat CIO Thomas Lee, proceed to purchase extra ETH.
Information from StrategicETHReserve exhibits that 69 Ethereum treasury companies at the moment maintain 4.10 million ETH.
Prime 5 largest ETH treasury companies (Supply: StrategicETHReserve)
BitMine is the present chief with 1.5 million ETH valued at $6.55 billion on its stability sheet. In second place is SharpLink Gaming with its 470.8K ETH holdings valued at $3.18 billion.
“The sky’s the restrict,” Hayes stated.
Authorities Will Go “Completely Insane” And Print Cash
One other key issue driving the ETH worth greater shall be US cash printing.
He stated authorities officers “haven’t gotten into their groove of how they’re going to print cash but.”
“They’re placing in all of the items” and “teasing alternative ways” through which they may print extra money, Hayes stated.
He predicts that by mid-2026 the market may have some extra readability across the Trump-Fed conflict. Particularly, whether or not Trump will fireplace Powell for another person and who the following Fed Chair shall be.
After that, he believes the federal government will “go completely insane with how a lot cash they’re going to print.” He expects this printing to hold on till Trump leaves workplace.
That might result in a “protracted” crypto market cycle that breaks out of the same old 4-year pattern and lasts up till 2027 or 2028, he stated.
Hayes’ base case is that “we’re going to have a large bull market” for all of the sorts of monetary property related to something that Trump “believes is essential between now and when he exits workplace.”
The one factor that voters care about “is their pockets,” he stated. He subsequently argued that if voters really feel they don’t seem to be “advancing economically” whereas Trump is in workplace, then they’ll simply decide “the opposite man.”
Hayes Prefers ETH Over SOL For This Cycle
Hayes stated each ETH and Solana are ”gonna go up,” however added that SOL will “most likely not” beat ETH. Whereas ETH “is the larger asset to maneuver,” there’s “some huge cash chasing it,” he stated.
As such, Hayes says he can be “extra chubby ETH.”
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