Arthur Hayes, co-founder of BitMEX, forecasts that Bitcoin will soar to $250,000 while Ethereum may rise to $10,000 by 2025. He attributes this potential surge to increasing global credit and institutional demand.

The crypto rally of 2025 has been historic. By August 2024, Bitcoin had risen significantly after Donald Trump’s election as policies favorable to cryptocurrencies gained momentum, with prices hitting an all-time high of $100,000 by December 2024.

Prices fluctuated in the first quarter of 2025, but BTC showed resilience, jumping from $110,000 to $123,000 in July 2025.

Hayes on Bitcoin’s Future Position: Buyers are well-positioned, anticipating Bitcoin will reach $150,000 soon. While this is optimistic, Hayes believes it pales in comparison to his own projections.

In a post named “Time Signature”, he confidently predicts Bitcoin could exceed $250,000 by the year’s end and Ethereum will also see a significant increase.

Bitcoin as a Defense Against Fiat Inflation: Hayes emphasizes that Bitcoin serves as digital gold, which thrives amid declining fiat values, influenced by excessive money printing and inflation. He suggests that Bitcoin’s price is a direct reflection of credit growth, which has doubled since 2020, aligning with a 15x price increase in Bitcoin over the same period.

Ethereum’s Potential: While Bitcoin’s performance is impressive, Hayes believes Ethereum is set to outperform as institutional interest grows alongside price dominance. He highlights that 53% of all ETH in circulation is currently illiquid, constrained in staking or DeFi protocols, which will elevate demand.

He also mentions that institutional investments have soared, with reports indicating over $332 million has flowed into ETH-backed spot Ethereum ETFs in July 2025, particularly from major firms like BlackRock and Fidelity.

With these trends, Hayes remains bullish on the market’s direction for both Bitcoin and Ethereum, believing major returns are forthcoming.

Key Takeaways:

• Arthur Hayes predicts Bitcoin at $250,000 and Ethereum at $10,000 by 2025.
• Market conditions favoring cryptocurrencies include increased consumer demand and capital from institutions.
• Continued speculation about Bitcoin reaching $1 million by 2028 was also highlighted in his recent discussions.