Arthur Hayes Predicts Ethereum to Reach $5,000 Amid Market Cycle Reversal

In a recent statement, BitMEX co-founder Arthur Hayes expressed optimism regarding the future of Ethereum (ETH), suggesting that it could potentially surge to between $4,000 and $5,000 in 2023. This forecast comes amid a challenging climate for ETH, particularly when compared to Bitcoin and other rivals like Solana. Speaking at the Bitcoin 2025 conference in Las Vegas, Hayes pointed out that Ethereum is currently perceived as the “most hated” layer-one public chain, asserting that typically, such assets outperform when market cycles turn. He emphasized that investors should consider accumulating these neglected assets. Furthermore, Hayes continues to maintain a bullish outlook on Bitcoin, reinforcing his prior prediction that it may reach an astonishing $1 million by 2028, solidifying his reputation as a prominent voice in the cryptocurrency sector.