Hayes Sees 34x ETHFI & 51x ENA Gains on Stablecoin Adoption
BitMEX co-founder Arthur Hayes forecasts a 34-fold rally for Ether.fi (ETHFI) and a 51-fold surge for Ethena (ENA), anchored in stablecoin adoption. He highlights Ether.fi Cash, a Visa-linked crypto credit card that streamlines fiat-to-crypto spending and fuels ETHFI’s deposit-based revenue model. For ENA, Hayes points to USDe’s derivatives arbitrage structure aiming for a 25% stablecoin adoption market share to drive token value. This stablecoin adoption trend is bridging digital and traditional finance, especially in emerging markets. Investors should weigh market volatility, regulatory shifts, and competition before acting on these high-growth crypto predictions.
Bullish
Arthur Hayes’ forecast of 34x gains for ETHFI and 51x for ENA underscores a bullish sentiment driven by potential real-world stablecoin applications. Historically, crypto assets linked to payment integrations (e.g., Visa and Mastercard partnerships) have seen significant price rallies as adoption rises. The emphasis on Ether.fi Cash and USDe’s derivatives arbitrage model suggests tangible growth catalysts, likely boosting trader demand in the short term. Longer-term, successful global rollout of these stablecoin solutions could enhance network effects and token utility, reinforcing market confidence. While risks remain, the news is expected to fuel positive momentum across stablecoin-linked tokens, marking a net bullish impact.