BitMEX CEO Says $500 ETH Coming Soon

By Abhimanyu Krishnan | News | 17 Aug 2020


BitMEX co-founder and CEO Arthur Hayes believes that ETH can reach $500 in the short term, according to a tweet posted in early August.

  • Hayes was bullish, just as Ethereum reaches its highest price in 2 years
  • The development of DeFi and ETH 2.0 has brought put the spotlight on Ethereum
  • Hayes is also a firm believer in the DeFi space, tweeting an image of the bug-affected YAM protocol
  • The DeFi market has grown from $4 billion to $6 billion in August, and continues to experience frequent new releases
  • Ethereum network activity has increased, as has gas fees

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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