• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Arthur Hayes predicts Ethereum will reach $5K after merge if Fed pivots

August 5, 2022
in Trading
Reading Time: 2 mins read
A A
ShareShareShareShareShare

BitMEX’s founder Arthur Hayes has predicted that Ethereum’s (ETH) price could rise to $5,000 if the merge upgrade is successful and the Federal Reserve goes ahead with its pivot.

Hayes also revealed that the current price of Ethereum represents a tremendous buying opportunity for investors as it is selling 76% below his model price of $2815.

Hayes: Eth to $5000

In an August 5 post, Hayes said the Fed’s pivot toward “supporting growth rather than fighting inflation” would lead to an expansion in quantity –a situation where the Feds would have to print more money to support the economy.

In this scenario, when Ethereum Merge eventually happens in September, he believes the digital asset would be able to breach the $5000 mark as it would become a deflationary asset with high demand.

“The rate at which Ether is issued per year will be reduced by ~90% under the new PoS model … the Ether taken out of circulation will only increase as the network grows in popularity … all of these factors together should still drive the price of Ether up exponentially.”

No Fed pivot + successful Ethereum merge

In a situation where the Feds backtrack on its decision to support growth by printing more money, Hayes thinks the merge would still be able to push Ethereum’s price to $3562.

According to Hayes, the merge is expected to drive a “triple-halving’ event” for Ethereum. Since Bitcoin’s (BTC) price has always reacted positively to its halving, one can expect ETH’s price to respond similarly.

Other predictions

Hayes continued that if the Ethereum merge fails or is suspended and the Fed pivots its policies, there would not be any adverse effect on the asset price as it would still be able to maintain its current level of $1600.

However, several people would be left disappointed by the failed promises.

Explaining how he arrived at his $1600 prediction, Hayes said that Ethereum would have gone up by 1.72% without the excitement of the merge between June 17 and July 26.

So, a merge failure will drop the price to $1,099. But since there will be more liquidity from the Fed pivot, he expects ETH to eventually rise as it did between March 2020 and 2021 when “the Fed expands the money supply once more.”

Meanwhile, in a scenario with no Fed pivot and Ethereum Merge fails, Hayes predicted that ETH would likely return to its July 17 low of $1,081.

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Credit: Source link

Related articles

SEC Probes Investment Advisors’ Use of FTX for Client Funds

January 27, 2023

FTX’s Huge Creditor List Includes Some of SBF’s Close Partners

January 26, 2023
ShareTweetSendPinShare
Previous Post

ASX Will Take More Time To Adopt Blockchain Technology

Next Post

Indian State Agency MSBSD Issues 100k Certificates On Polygon

Related Posts

SEC Probes Investment Advisors’ Use of FTX for Client Funds

January 27, 2023

A new SEC probe could make it harder for institutional investors to hold crypto amid a broader crackdown on digital...

FTX’s Huge Creditor List Includes Some of SBF’s Close Partners

January 26, 2023

As its bankruptcy unfolds, the public is getting more and more information about FTX’s reach in the crypto space and...

TON Joins BTC and ETH as Only Crypto Assets with Options Trading

January 26, 2023

TON network could soon get a significant boost in trading volume and interest, thanks to the launch of TON options. ...

Crypto.com Tightens Security, First CEX with ISO Certification

January 26, 2023

Hacks and data breaches have been one of the biggest concerns for crypto firms and investors. To address this issue,...

Crypto market liquidation tops $200M in 24 hours

January 25, 2023

After a weeklong rally that pushed Bitcoin (BTC) value above $23,000, the crypto market experienced a significant sell-off in the...

Load More
Next Post

Indian State Agency MSBSD Issues 100k Certificates On Polygon

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

DeFi platform Injective reveals $150 million ecosystem initiative

January 25, 2023

Bitcoin Mining A Lifeline For Virunga – Bitcoin Magazine

January 13, 2023

Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies – Bitcoin News

January 12, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • L’Dezen Shines With NFT Fashion Accessories
  • Meta Masters Guild Raises Over $1.5 Million During Presale with Just Days Left Before 23% Price Rise
  • How crypto turned Portugal into a promised land for entrepreneurs

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,007.00-0.61%
  • ethereumEthereum(ETH)$1,575.09-1.14%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.01%
  • usd-coinUSD Coin(USDC)$1.00-0.12%
  • binancecoinBNB(BNB)$306.16-0.33%
  • rippleXRP(XRP)$0.409967-0.21%
  • binance-usdBinance USD(BUSD)$1.00-0.01%
  • cardanoCardano(ADA)$0.3836440.39%
  • dogecoinDogecoin(DOGE)$0.0884701.83%
  • matic-networkPolygon(MATIC)$1.14-2.69%
  • okbOKB(OKB)$38.897.29%
  • solanaSolana(SOL)$24.06-0.90%
  • staked-etherLido Staked Ether(STETH)$1,571.82-1.20%
  • polkadotPolkadot(DOT)$6.42-0.76%
  • shiba-inuShiba Inu(SHIB)$0.0000121.42%
  • avalanche-2Avalanche(AVAX)$20.7111.34%
  • litecoinLitecoin(LTC)$88.04-0.24%
  • tronTRON(TRX)$0.063135-0.39%
  • daiDai(DAI)$1.00-0.14%
  • uniswapUniswap(UNI)$6.65-1.44%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,964.00-0.57%
  • cosmosCosmos Hub(ATOM)$13.291.02%
  • ToncoinToncoin(TON)$2.532.32%
  • chainlinkChainlink(LINK)$7.23-0.88%
  • leo-tokenLEO Token(LEO)$3.79-1.20%
  • moneroMonero(XMR)$182.623.04%
  • ethereum-classicEthereum Classic(ETC)$21.74-0.74%
  • AptosAptos(APT)$17.77-2.28%
  • bitcoin-cashBitcoin Cash(BCH)$132.72-2.19%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092541-0.23%
  • apecoinApeCoin(APE)$6.04-3.07%
  • quant-networkQuant(QNT)$148.64-2.15%
  • nearNEAR Protocol(NEAR)$2.47-1.54%
  • crypto-com-chainCronos(CRO)$0.080861-0.52%
  • filecoinFilecoin(FIL)$5.28-1.72%
  • lido-daoLido DAO(LDO)$2.26-4.19%
  • algorandAlgorand(ALGO)$0.2554880.47%
  • vechainVeChain(VET)$0.023996-2.11%
  • hedera-hashgraphHedera(HBAR)$0.067767-2.17%
  • internet-computerInternet Computer(ICP)$5.92-2.99%
  • decentralandDecentraland(MANA)$0.725.20%
  • axie-infinityAxie Infinity(AXS)$11.40-0.40%
  • aaveAave(AAVE)$84.55-3.57%
  • eosEOS(EOS)$1.10-1.66%
  • the-sandboxThe Sandbox(SAND)$0.740.43%
  • fantomFantom(FTM)$0.446619-6.24%
  • elrond-erd-2MultiversX(EGLD)$44.48-0.58%
  • flowFlow(FLOW)$1.06-2.57%