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BitMEX co-founder Arthur Hayes has declared Ethereum his preferred bet for the current market cycle, predicting ETH could reach $10,000-$20,000. While acknowledging Solana’s upside potential, Hayes revealed he’s overweight Ethereum in his portfolio due to massive institutional flows. The analysis highlights a narrative shift from ‘SOL cycle’ to Wall Street’s growing embrace of Ethereum.
- Hayes predicts Ethereum could reach $10,000-$20,000 by cycle end, citing massive institutional flows and breakout momentum potential
- Wall Street narrative shift has made ETH the 'darling asset' with stablecoins, tokenization, and high-profile advocates driving adoption
- Despite advising a Solana-focused treasury company, Hayes maintains overweight ETH positioning due to larger capital formation mechanics
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