Ethereum to Hit $5,000 on Merge Bullishness Says Arthur Hayes PlatoAiStream PlatoAiStream. Data Intelligence. Vertical Search. Ai.

Ethereum to Hit $5,000 on Merge Bullishness Says Arthur Hayes

Arthur Hayes, the co-founder of once the biggest crypto derivatives exchange, BitMex, says his target for eth is $5,000 based on the triple halving due to the Merge upgrade to Proof of Stake.

“I believe this is a conservative estimate,” Hayes says, “because the structural changes to the demand/supply dynamic will never be fully priced in a priori– just like how the Bitcoin halvings continuously produce positive returns, even though we know well in advance when they will occur.”

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  • Source: https://www.trustnodes.com/2022/08/05/ethereum-to-hit-5000-on-merge-bullishness-says-arthur-hayes

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