Hayes: Ethereum Leads, Bitcoin Still on Track for $1 Million by 2030

BitMEX co-founder Arthur Hayes reaffirmed his long-term prediction that Bitcoin will reach $1 million by 2030. However, he believes Ethereum is currently the better investment opportunity due to its potential for a near-term price increase of 3-5 times.

Hayes stated that Bitcoin's bottom has already formed at around $58,000 and expects it to continue rising in what he calls a 'hate rally'. He cited several factors that could drive up the price, including an AI bubble collapse, large-scale money printing, and yield curve control in the United States.

Hayes also expressed his preference for Ethereum over Hyperliquid, which has already been priced into the market. He dismissed the influence of US President Donald Trump on crypto prices, saying it's negligible and that he questions whether Trump is willing to spend political capital to pass crypto legislation.