Arthur Hayes, founder of BitMEX, stated in his article "Situationship" that, as credit expansion continues and AI-related capital expenditure growth slows, Bitcoin will reach its bottom and begin a long-term upward trend, potentially trading between $60,000 and $70,000, with a downside floor of $50,000. Maelstrom already holds a significant amount of Bitcoin. He believes that over the next six months, the altcoin narrative will center on Ethereum, with a target price of $5,000 for ETH by the end of 2026—2.6 times its current price. Ethereum offers high liquidity, allowing Maelstrom to close positions within minutes.
Arthur Hayes Predicts Bitcoin Will Bottom Out and Ethereum to Reach $5,000 by End of 2026
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Summary
Arthur Hayes, founder of BitMEX, shared a Bitcoin price prediction in his latest article, stating that the asset will bottom out as credit expansion and AI spending slow. He sees Bitcoin’s current price potentially trading between $60,000 and $70,000, with a downside to $50,000. Ethereum is expected to lead the altcoin narrative, with a target of $5,000 by 2026.
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