Hayes Predicts Triple Gains for Ether, ENA, ETHFI Amid Dollar Liquidity Surge

Arthur Hayes, co-founder and former CEO of BitMEX, believes three cryptocurrencies will see significant gains. He predicts that Ether (ETH) could triple in value to $7,200 from its current price of around $2,400.

This forecast comes as the EUR/JPY pair fell to 182.45 following a US Treasury announcement. Hayes claims this is due to the US Treasury Secretary Scott Bessent's plan to sell euros and buy Japanese yen, while the Bank of Japan (BOJ) plans to raise interest rates on loans.

This increase in dollar liquidity will flow into risky assets, including cryptocurrencies, according to Hayes. He also notes that investors are closely monitoring the actions of the Fed and the US Treasury as their decisions could trigger a new rally in the crypto market.