Arthur Hayes Reveals His Take on Bitcoin and Ethereum! He Shares His Price Expectations for ETH and Names the Altcoin With the Biggest Investment!

cryptonews.ruPublished on 2026-08-21Last updated on 2026-08-21

Abstract

Arthur Hayes, former CEO of BitMEX, shared his views on Bitcoin and Ethereum in an interview. He revealed that Ethereum (ETH) is his largest portfolio position after Bitcoin (BTC), citing its lower risk of falling to zero compared to other altcoins and its attractive risk-reward profile. Hayes noted that Ethereum's performance in the recent bull cycle has been relatively limited, leaving significant upside potential. He suggested that if ETH breaks above $3,000, its price could accelerate rapidly toward $5,000. Regarding Bitcoin, Hayes advised investors looking to gain exposure via exchanges to consider buying spot Bitcoin ETFs (like BlackRock's IBIT) rather than shares of companies like MicroStrategy (MSTR). He argued that while such a strategy had merit in a more uncertain market, its importance has diminished with improved liquidity and economic conditions. At the time of the report, BTC was above $79,000 and ETH above $2,400 amid a broader crypto market rally.

Bitcoin, Ethereum, and the entire cryptocurrency market are experiencing significant growth. The price of $BTC has surpassed $79,000, and $ETH — $2,400.

Against the backdrop of persistent bullish sentiment in the market, Arthur Hayes, the former CEO of BitMEX and a closely watched figure, has made new statements about $BTC and $ETH.

In a conversation with crypto journalist Laura Shin, Hayes revealed that his largest portfolio position, besides Bitcoin, is in Ethereum.

Hayes noted that although $ETH ranks second by market capitalization, it has not yet surpassed its 2021 peak, adding that the risk of Ethereum falling to zero is lower compared to other cryptocurrencies, making it more suitable for large-scale investments.

"...Currently, aside from Bitcoin, Ethereum holds the largest share in my portfolio. Compared to other cryptocurrencies, the risk of Ethereum's value falling to zero is significantly lower. I am investing a substantial portion of my money because it is attractive from the perspective of expected return and the risk-reward ratio."

Hayes pointed out that Ethereum's weak performance in the recent bullish cycle has left significant room for recovery for $ETH. He stated that if $ETH surpasses the $3,000 mark, its growth could accelerate, and it might quickly rise above $5,000.

"...Since Ethereum's growth in this cycle has been relatively limited, it still has significant potential for further upside."

It's Much Smarter to Consider Bitcoin as an ETF Alternative!

Hayes, also speaking about Bitcoin, said that for investors wishing to invest in $BTC through exchanges, it is better to buy spot ETFs than shares of MicroStrategy (MSTR).

Hayes stated that the MicroStrategy strategy made sense during a period when the market feared $BTC falling to $20,000, but its importance has diminished as liquidity expanded and the economic situation improved.

Hayes argued that if investors want to use an exchange to invest in $BTC, they can buy BlackRock's spot Bitcoin ETF IBIT or other ETFs, and there is no reason for them to buy MicroStrategy.

*This is not investment advice.

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Related Questions

QWhat is the largest position in Arthur Hayes' investment portfolio besides Bitcoin?

ABesides Bitcoin, the largest position in Arthur Hayes' investment portfolio is Ethereum.

QWhat specific price levels does Arthur Hayes mention for Ethereum's potential acceleration and surge?

AArthur Hayes stated that if Ethereum ($ETH) surpasses the $3,000 mark, its growth could accelerate, and it could quickly rise above $5,000.

QAccording to Hayes, what is a better investment vehicle for BTC than MicroStrategy (MSTR) stock?

AAccording to Hayes, a better investment vehicle for BTC than MicroStrategy (MSTR) stock is a spot Bitcoin ETF, such as BlackRock's IBIT.

QWhat key reason does Arthur Hayes give for Ethereum being suitable for large-scale investment?

AArthur Hayes states that the risk of Ethereum's value falling to zero is significantly lower compared to other cryptocurrencies, making it more suitable for large-scale investments based on its risk-reward profile.

QWhat does Arthur Hayes attribute to the significant recovery potential he sees in Ethereum?

AHayes attributes Ethereum's significant recovery potential to its relatively limited performance in the recent bull cycle, suggesting it still has room for substantial growth.

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