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BitMEX Co-Founder Arthur Hayes Bets Big on Ethereum Amid $4K Price Targets

Guavy AI Editorial Team
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Arthur Hayes, co-founder of BitMEX, continues to bet big on Ethereum despite its recent price fluctuations. In a series of purchases over the past few weeks, Hayes has spent roughly $7.5 million to accumulate 3,915 ETH at an average price of just over $1,900 per token.

In his latest buy, which occurred just hours ago, Hayes added 645 more ETH to his stash for a total of $1.2 million.

This move has sparked increased interest in Ethereum, with some analysts predicting it could reach as high as $4,000. Doctor Profit, a popular crypto analyst, recently announced that he now holds more ETH than BTC in his portfolio and is betting 'extreme' on the altcoin.

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