Ethereum at $10,000 by End of 2022 Still Possible, Reiterates Arthur Hayes
Former Bitmex CEO Arthur Hayes said that ETH at $10K by the end of 2022 is still possible, but the market will likely be choppy in the mid-term. Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, said Terra’s failure was a byproduct of the macroeconomic environment as the Feds raised rates and tightened up its balance sheet.
He also expressed conviction on the broader market in the medium and long term, reiterating that Ethereum could still reach $10,000 at the end of the year. In his view, the market currently is either nearing or at the bottom of the cycle, and a comeback would begin once the Fed slows down the rate hiking process. In his latest blog post, the former CEO predicted that the Fed will continue the speedy process of raising interest rates throughout the Q3.
Source
@Bitcoin_Ethereum_Altcoins
