Dec 25, 2023: BitMex founder Arthur Hayes recently stirred attention by sharing an unexpected forecast for Ethereum’s (ETH) future price.
Hayes, renowned for his insightful market insights, surprisingly disclosed a divinely inspired prediction via social media. Claiming to have received guidance during meditation, he humorously attributed it to Satoshi Nakamoto, Bitcoin’s mysterious creator. The message apparently advised him to reallocate from and express admiration for Ethereum’s co-founder, Vitalik Buterin.
Following this celestial guidance, Hayes purportedly sold his Solana holdings and amplified his investment in Ethereum, anticipating a surge that could drive the cryptocurrency’s value to an impressive $5,000. This revelation comes after Hayes’ prior successful projection of Solana hitting $100, an achievement SOL nearly reached at $99.6.
Strategic Shift Hayes’ strategic shift from Solana to Ethereum might be grounded in his assessment of market dynamics. Despite Solana’s remarkable 350% surge since mid-December, Hayes seems to perceive Ethereum as having greater potential for growth. In comparison, Ethereum’s short-term performance appears relatively subdued, exhibiting nearly one-tenth of Solana’s growth during the same period. Despite ETH trading at yearly highs, its percentage increase in value is significantly lower than the meteoric rise observed in SOL.