If you’ve ever tried to time the crypto market, you know it’s like trying to catch a greased pig while wearing flip-flops. Arthur Hayes, the BitMEX co-founder who’s basically crypto’s version of a weatherman who once predicted snow in July, now says Ethereum (ETH) could hit $20,000 before the market cycle ends. “Sure, why not? I’ll throw in a prediction for free,” he probably said, sipping a latte at a café where the Wi-Fi password is “HODL.”
In a recent interview, Hayes revealed he’s doubling down on ETH over Solana (SOL), which is currently sitting in the “meh” lane. “They’re both going up,” he said. “But which one goes up more? Well, that’s like asking if you’d rather be a gazelle or a sloth in a race. Spoiler: The sloth might win if the gazelle’s distracted by a shiny object.”
Hayes: From “Sell It All” to “Buy It Back, I Guess”
Back in August, Hayes sold $8 million worth of ETH, PEPE, and ENA, muttering something about Trump’s tariffs and global tensions. “I thought ETH would drop to $3,000,” he said, probably while wearing a frown and a suit that looked like it was tailor-made for regret. But then, like a cruel joke from the universe, ETH surged 20% in a week. Hayes, now sweating bullets and muttering about “the chart,” bought it all back, adding 1,700 ETH to his stash-along with HYPE and LDO, which are either crypto tokens or the names of his exes.
“I bought back some of the ETH I sold,” he admitted. “The chart says it’s going higher. So I can’t fight the market. I think ETH goes $10, $20,000 before the end of the cycle.”
If only the chart had a “surrender” button. Hayes also noted that once ETH breaks its all-time high, “it’s a gap of air to the upside.” Translation: It’s like climbing a mountain and realizing the summit is just a cliff. Also, crypto-native companies are raising money to buy ETH. “It’s easier to raise money if the asset you’re buying just broke through its all-time high,” he said. “So, yeah, the sky’s the limit. Or maybe the ceiling. We’re not sure.”
Ethereum vs. Solana: The Great Crypto Bake-Off
When asked which he’d back-ETH or SOL-Hayes replied, “They’re both going up. The question is, which one goes up more?” After a pause, he confirmed, “Correct,” when asked if he’d be more overweight on ETH than SOL. “Overweight” being a polite way to say “I’m basically married to ETH and SOL is the ex who still lives in my mom’s basement.”
Meanwhile, Ethereum is trading at $4,288, down 0.2% in 24 hours but up 14.8% in a month. Solana, on the other hand, is at $183, down 2.4% in 24 hours. “It’s like the difference between a hot dog and a lukewarm pretzel,” Hayes might say, if he had a sense of humor. But hey, at least Solana’s up 5.1% in a month. Progress, right?
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2025-08-22 11:18