BitMEX Co-Founder Arthur Hayes Sees Ethereum Rallying Past $5,000
Arthur Hayes, co-founder of BitMEX, has revealed that Ethereum (ETH) is now his second-largest cryptocurrency holding after Bitcoin. In an interview with crypto journalist Laura Shin, Hayes discussed his portfolio allocation and expressed optimism about ETH's potential to reach new highs.
Hayes believes that Ethereum's relative lag in surpassing its 2021 all-time high presents a significant opportunity for catch-up. He emphasized that compared to other altcoins, Ethereum carries a much lower risk of falling to zero, making it suitable for large-scale investment.
Hayes noted that Ethereum's weaker performance in the last cycle leaves substantial room for a rally. He suggested that if ETH breaks above the $3,000 level, the momentum could accelerate quickly, potentially pushing the price past $5,000.