Arthur Hayes Trolls Community With Bold BTC, ETH Price Predictions

Arthur Hayes, the cocreator of the BitMex crypto exchange and CIO of the Maelstrom family office, recently shared details of his trip to Rapa Nui, also known as Easter Island.

During his trip, Hayes claimed that “the ancestors in Rapa Nui” told him when the bull market would arrive. Whether Hayes was joking or not, he stated that Bitcoin will reach $1 million and Ethereum will surge to hit $100,000.

Hayes frequently shares his expectations of the future of cryptocurrencies.

On Thursday, Nov. 9, the world’s leading digital currency Bitcoin briefly surged above the $37,000 level, almost hitting $38,000. This price jump took place for the first time in over 18 months.

The staggering growth of 5.69% in less than a day was attributed to Bloomberg analysts expecting the U.S. regulator, the SEC, to face a “brief window” for giving the green light to 12 Bitcoin spot ETFs, including those of BlackRock and Grayscale, for 12 days, starting on Thursday.

Another analyst of Bloomberg, James Seyffart, shared that he expected the regulator to approve the first BTC ETF by early January and said that there was a 90% probability of that.

Ethereum followed Bitcoin’s growth, soaring to the $2,133 level. By now, both leading cryptos have lost momentum, with Bitcoin trading at $36,943 and Ethereum exchanging hands at $2,071.

Arthur Hayes’ predictions and the recent movements of Bitcoin and Ethereum have caused quite a stir in the crypto community. While it remains to be seen whether his predictions will come true, his bold claims have certainly sparked curiosity among crypto enthusiasts.