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Ethereum might be all set for an explosive comeback. Serial big-shot gentleman Arthur Hayes, co-founder of BitMEX and Maelstrom CIO, has issued a bold forecast. He expects the price of Ethereum to skyrocket to $10,000 or perhaps $15,000 very shortly. Ethereum $10,000 Prediction On the Bankless podcast this week, he articulated his macroeconomic rationale for the anticipated breakout to the disruptions in world liquidity, capital controls, and the next financial regime.
This call comes as ETH trades at $2,537, still far from nearly $4,900 in 2021 but rising more than 50% in a week.
Why ETH Is Rallying: It’s Not Technical, It’s Psychological
The following questions concerning the recent surge of 50% in less than a week in ETH, Hayes ruled out any technical indicators or sudden on-chain catalysts in the price movement. “The most hated asset goes up the fastest in the next cycle,” he said. For Hayes, Ethereum has been the underdog for too long. Once the golden child of DeFi, ETH got overshadowed by faster and trendier chains like Solana in the 2022–2024 bear cycle.
Ethereum $10,000 Prediction “ETH was kind of dead. Everyone hated it. The BTC/ETH ratio was falling, Solana was running… it was time,” he added. According to Hayes, that sentiment reset is what’s fueling the rapid rise of Ethereum. Investors are in the process of rediscovering Ethereum’s unmatched role within the overall crypto ecosystem.
A Shift in Global Monetary Power: From Treasuries to Crypto
Hayes’s bullishness is more than anything else based on his being of the opinion that there is now a “global phase shift” in how money works. For almost 50 years, U.S. Treasuries formed the backbone of global finance. However, Hayes believes that such an era is dying out.
In his opinion, the world trends toward a bifurcated system where neutral reserve assets such as gold and Bitcoin take precedence as stores of value in a fragmented political world. Ethereum $10,000 Prediction Ethereum, albeit not a neutral reserve asset, stands to benefit massively as a high-beta speculative and utility-driven trade in this environment.
“They print the money,” Hayes said plainly, pointing to the central banks. “And the consequence, of course, will be gold and Bitcoin going through the roof.” In Hayes’s view, Ethereum would catch spillover speculative capital once those primary safe-haven assets begin their surge.
Ethereum as the Ultimate Asymmetric Bet
Hayes refuses to label Ethereum an immaculate winner or assured winner, telling of how he considers it the best asymmetric offer for anyone who possesses risk-taking amity. “Any attempt to appreciate it, “he admits, acknowledging the choppy price actions of Ethereum and the regulatory headwinds. However, he sees on the other hand an immense upside should the ETH ecosystem mature in tandem with the macro tailwinds. Ethereum $10,000 Prediction
“Increasing financial repression being an issue,” argues Hayes, “Ethereum will shine in preserving capital access and utility outside classic banking. He references the ongoing evolution of the DeFi ecosystem on Ethereum as the bedrock for this premise.”
Fundamentals Matter: EtherFi, Pendle, and the Rise of Real Yield
Hayes said that, while Ethereum has always been somewhat speculative, one could argue the protocol is becoming something beyond that: a decentralized financial services platform with real revenue models. EtherFi and Pendle were named as examples of tokenized protocols that are generating real cash flows for users. Ethereum $10,000 Prediction Transitioning from speculative tokens with no use case to tokens with yield-generating utility could help Ethereum garner back its trust and valuation.
“If you want Ethereum to go to $10,000, you need sustainable DeFi. You need real yield,” Hayes added. “And we’re starting to see that emerge.”
ETH vs BTC: The Ratio Battle
Since early 2023, Ethereum has always been carrying a performance deficit against Bitcoin. The BTC/ETH ratio has witnessed a hefty drop ever since, with some investors doubting whether ETH would come to another bull-run phase.
The underperformance was acknowledged, but Hayes said it could now be Ethereum’s turn. Historically, near the tail end of a bull market, ETH would surge with Bitcoin already on the mainstream radar and capital. Regulatory certainty in the industry and ramped-up adoption of ETH-based protocols could spark this momentum.
“If Bitcoin is the new digital gold, Ethereum is the new decentralized Wall Street,” he said.
ETH at $10,000: Not If, But When?
Despite the excitement, Hayes has clarified that there has been no recent increase of his holdings in Ethereum, as he remains “long on ETH” and confident in its upside potential. “It’s great it’s going up, but okay—let’s talk at $10,000 or $15,000. Let’s talk when it’s meaningful,” he said.
For Hayes, $10,000 is more about structural change that can’t be avoided than about an actual timing. Either it happens in 2025 or it doesn’t, and maybe it takes one or two more years, but it’s going to happen because the momentum is setting in. If you look at the last cycles, Ethereum has always lagged just a little bit behind Bitcoin in terms of The moment it kicks in, though, the growth can happen exponentially.
Ethereum’s Moment May Finally Be Here
Arthur Hayes has always been famous for bold predictions, and one of them might very well be his biggest. Since the theory does not rely on short-term hype or speculative frenzy, it rather encompasses an entire framework of monetary policy, global liquidity, and technological adoption.
If Hayes is correct, Ethereum is but at the very beginning of its journey. The token may no longer be the shiny new arrival in the crypto market; however, with its core position in the DeFi ecosystem and underground real-world use cases, it could enter another defining phase of dominance.
Meanwhile, the whole market is watching closely as ETH finds its footing again. The way things are going, whether it hits $10,000 in 2025 or beyond, one fact is unchanging: Ethereum got a lot of attention now, and that might just be the driving force for its next big rally.
