Arthur Hayes: ETH is the largest position outside of Bitcoin, breaking through $3,000 or rushing towards $5,000

Comparing news, Arthur Hayes, co-founder of BitMEX and head of the Maelstrom Fund, said that ETH is the largest position in its portfolio other than Bitcoin. He pointed out that ETH is a large token with the second-highest market capitalization yet to break through the 2021 all-time high. From a risk-return perspective, its zeroing risk is far lower than other crypto assets, so he is willing to invest heavily.

Hayes believes that due to the limited increase in ETH in this cycle, there is plenty of room to make up for growth. Once the price starts, a reflexive upward trend will form. He said that after breaking through the $3000 mark, ETH could quickly rise above $5,000, and its target price for the end of the year is within reach. Currently, there are still a large number of investors who want to go long on ETH for various reasons.