PiCK
Arthur Hayes Says Ether Has Best Short-Term Risk-Reward as Bitcoin Heads for $1 Million by 2030
JH Kim
Summary
- Arthur Hayes said Bitcoin will reach $1 million by 2030.
- He said Bitcoin formed a bottom around $58,000 and should continue to climb.
- In the short term, he said Ether (ETH) could rise threefold to fivefold, giving it the best risk-reward profile.
Forecast Trend Report by Period
BitMEX co-founder Arthur Hayes said Bitcoin could reach $1 million by 2030, while calling Ether the most attractive short-term bet on a risk-reward basis.
Cointelegraph reported on Sept. 2 that Hayes made the remarks on the "Trade Secrets" podcast. He said Bitcoin likely bottomed around $58,000 and should continue to climb.
For new capital at current levels, however, Hayes favors Ether. He said the token could rise threefold to fivefold over a short period, giving it the strongest risk-reward profile.
Hayes also reiterated his long-term forecast that Bitcoin will reach $1 million by 2030.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.