Hayes: Ethereum $20K with GENIUS Act and 2025 Altcoins
Arthur Hayes, co-founder of BitMEX, forecasts Ethereum will surge to $10,000–$20,000 this cycle. He cites two main drivers: the upcoming GENIUS Act and growing institutional adoption. The GENIUS Act, set to take effect this fall, enforces stablecoin issuers to back tokens with liquid assets and enhances market security. Meanwhile, public companies now hold nearly 2.8 million ETH (2.31% of total supply), highlighted by BitMine’s $7.2 billion stake. These developments support a bullish Ethereum price prediction.
Hayes believes breaking past Ethereum’s all-time high could trigger the next altseason. He highlights three altcoins poised for growth:
1. Bitcoin Hyper (HYPER): A Layer-2 solution boosting Bitcoin speed and scalability. Its presale raised $11.8 million, with a 2030 price target of $1.50 (11,600% gain).
2. Snorter Token (SNORT): Powers a Telegram bot for rapid token sniping. Presale targets $0.94 by end-2025 (818% increase).
3. Altura (ALU): Offers NFT and marketplace tools for game developers. ALU surged 87% in 24 hours with strong volume and 93% positive sentiment.
These factors may drive both Ethereum and top altcoins higher. Traders should monitor legislative updates and institutional flows but perform their own research before investing.
Bullish
Arthur Hayes’s forecast of Ethereum reaching $20,000, backed by the GENIUS Act and substantial institutional buy-ins, is likely to spur bullish market sentiment. Historical precedents show that clear regulatory support—such as the U.S. infrastructure bill—and large institutional allocations often trigger rapid price rallies and altseasons. The GENIUS Act’s stablecoin backing requirements and Treasury engagement signal reduced regulatory risk. Coupled with over 2.8 million ETH held by public firms, demand pressure could accelerate. In the short term, legislative milestones and whale accumulation may drive ETH above previous highs, igniting FOMO and altcoin momentum. Over the long term, enhanced regulatory clarity and sustained institutional inflows could underpin a multi-year bull market for both Ethereum and high-potential altcoins. However, traders should monitor on-chain indicators and manage risk appropriately.