Former Bitmex CEO Arthur Hayes, known for his bold predictions for the Bitcoin and cryptocurrency market, has announced his new Bitcoin (BTC) and Ethereum (ETH) forecasts.
Speaking recently on Bankles’ YouTube channel, Arthur Hayes detailed the strategy of his company, Maelstrom Fund, warning that a sharp revision would be made before the peak of 2025, while hoping for a strong rally in Bitcoin.
First, Hayes said the Maelstrom fund is primarily supported by two major cryptocurrencies.
Said these are Bitcoin and Ethereum, Hayes said they consisted of 60% BTC and 20% ETH.
“Maelstrom is about 60% Bitcoin, 20% Ethereum. And there’s a lot of other shit. Non-cryptic assets include physical gold, gold mining stock and financial liabilities.”
Beware of sharp fixes in Bitcoin!
Arthur Hayes again stated that he is bullish on Bitcoin. At this point, the famous name expects BTC to rise from $150,000 to $200,000 by the summer of 2025 and to $250,000 by the end of 2025.
However, Hayes warned of a massive revision, but at that point Hayes said he hopes for a sharp revision before Bitcoin breaks down to $250,000 by the end of 2025.
“From now on, Bitcoin will rise to $150,000-$200,000 by summer.
But then we’ll do a bad, sharp fix and then I think we’ll hit $250,000 in Bitcoin by the end of the year. ”
What are your expectations for Ethereum?
Hayes, who is hoping for a big gathering in Bitcoin, said Ethereum is facing a more difficult path.
The key level of ETH is $5,000, and Hayes said it should exceed $5,000 by the end of the year.
According to Hayes, breaking $5,000 by the end of the year is a key milestone and could rekindle the excitement of pushing ETH to $10,000 or even $20,000 at Cycle Peak.
“When Ethereum reaches $5,000 by the end of the year, it will likely fuel the Bulls, a level that will revive investors’ excitement and allow ETH to experience a big gathering.
And ultimately, ETH can reach $10,000 or $20,000.
But I think it’s a tough road for ETH, which is from its current level to $5,000. ”
*This is not investment advice.