Arthur Hayes, the outspoken co-founder of BitMEX, reiterated his crypto price targets in a July 23 Substack post. He reaffirmed that Bitcoin could reach $250,000 and Ethereum $10,000 by the end of 2025. As Arthur Hayes predicts; he says the predictions are based on three key pillars: continued fiat expansion, favorable U.S. regulation, and growing institutional adoption.
Hayes says “gazillions of fiat since 2009” has squeezed investor demand into fixed-supply assets like Bitcoin. He argues this inflationary pressure, combined with regulatory improvements under a pro-crypto administration, fundamentally changes crypto’s role from toys to financial assets.
Flood of Fiat and Stablecoin Treasury Strategies
Central to Hayes’s argument is the printing of U.S. dollars, which he notes has gone “crazy”. He sees Bitcoin’s previous performance as the best performing fiat-denominated asset, as proof that too much supply pushes capital into scarce assets.
Hayes says stablecoin issuers are converting fiat into U.S. Treasuries essentially injecting institutional-grade liquidity into crypto markets. This, he says, means crypto can be a treasury diversifier, getting legitimized in risk-asset portfolios.
Regulatory Tailwinds and Institutional Momentum
Hayes also points to a changing legislative framework in Washington, citing the GENIUS Stablecoin Act and other positive signals. He says this will embolden traditional finance firms to increase their crypto exposure, effectively normalizing Bitcoin and Ethereum in corporate treasuries and hedge funds.
He dismisses external economic worries such as tariffs or global tensions as secondary. For example, he says proposed tariffs on rare earth imports by Trump won’t fully materialize because the U.S. has too much to lose in supply chains.
Bitcoin at $250K, Ethereum to $10K
Hayes sees a short-term correction (“clearing out deadwood”) before Bitcoin’s predicted surge to $250,000. He explained in March that shakeouts often accompany liquidity rotations, allowing for a healthier rally. In a June interview with Benzinga, he said:
“I think we get to $250,000 by the end of the year…it’ll be bumpy along the way”.
Despite short-term volatility, Hayes calls this a necessary correction for better price discovery later.
Hayes also thinks Ethereum could outperform Bitcoin because of its deep roots in decentralized finance (DeFi) and corporate blockchain projects. He says institutional usage from revenue sharing to tokenized infrastructure will drive Ethereum to $10,000.
Ethereum’s utility is now above retail speculation, so it is believed to be ready for broader acceptance as a scalable enterprise-grade asset.
Community Reaction
Not everyone agrees with Hayes. While a majority in prediction markets think Bitcoin will hit $150,000, only about 9% see his $250,000 as possible.
Critics say if the Fed doesn’t do quantitative easing or global crises emerge, these targets may be delayed or moderated. But Hayes’s analysis is shaping institutional sentiment, especially among treasury strategists watching macro liquidity trends and policy signals.
Conclusion
Based on latest research, Arthur Hayes predicts Bitcoin at $250K and Ethereum at $10K by year-end 2025. He says these are rooted in macroeconomic, regulatory and institutional frameworks. While bold, his forecast aligns with fiat supply, stablecoin flows into T-bills and a supportive policy environment.
Short-term corrections are expected as preliminary shakeouts but the structural case for year-end surge remains. Investors are advised to weigh the momentum and macro setup before investing.
Read more about Bitcoin and Ethereum price targets.
Summary
BitMEX co-founder Arthur Hayes predicts Bitcoin will hit $250K and Ethereum will hit $10K by end of 2025. His thesis is based on rising fiat supply, institutional investment into crypto-treasury strategies and pro-crypto regulatory changes. While prediction markets are cautious, macro liquidity and treasury allocation trends support his view.
FAQ
What’s behind Hayes’s $250K Bitcoin forecast?
He says it is sustained monetary expansion (quantitative easing), deep liquidity from stablecoins into treasuries and institutional allocations under lenient regulations.
Is Ethereum really going to $10K?
Hayes thinks Ethereum’s DeFi, enterprise adoption and revenue-generating contracts justify its upside.
Will there be a Bitcoin correction before the rally?
Arthur Hayes predicts a short-term consolidation to clean out weak hands and clear the way for a bigger move.
What are the risks to this view?
Risks include delayed QE, policy tightening or major geopolitical events that could reduce liquidity.
What do prediction markets think?
Only about 9% of people think Bitcoin will hit $250K by year-end.
Glossary
QE: Central bank policy that injects more money into the system by buying assets.
Stablecoin AUC: Assets under custody held by stablecoin issuers, often in short-term U.S. Treasuries.
DeFi: Blockchain-based financial services outside of traditional institutions.
Deadwood: Market phase where weak positions are shaken out before a big move.
Sources
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
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