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Arthur Hayes predicts Ethereum and DeFi tokens could surge over 200% by 2026 on a liquidity-driven macro thesis.

Analyst Insights
03 Sep 2026
Coinpaper
View Source
Bullish
Arthur Hayes predicts Ethereum and DeFi tokens could surge over 200% by 2026 on a liquidity-driven macro thesis.

Arthur Hayes, co-founder of BitMEX, forecasts Ethereum (ETH) could reach $10,000 by the end of 2026, implying a 300% gain from current levels. He also targets DeFi tokens Ethena (ENA) and Ether.fi (ETHFI) to rise over 200%. These bold predictions are based on a macroeconomic thesis involving increased dollar liquidity, Federal Reserve balance-sheet expansion, and a significant drop in the euro-yen exchange rate. Hayes views crypto assets as key beneficiaries of this liquidity surge, making his price targets part of a broader monetary regime bet rather than conventional valuation models.

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