# Arthur Hayes: Ethereum to $5,000 by Mar 31, 2023

Updated Sep 29, 2026 · Web page: https://predictionverifier.com/predictions/arthur-hayes-ethereum-5k-by-2023/

Arthur Hayes' prediction that Ethereum would reach $5,000 by March 31, 2023 did not come true. Ethereum's best close before the deadline was $1,985 on August 13, 2022, 60% below the target. Arthur Hayes made the call on CryptoPotato on August 5, 2022, when Ethereum was at $1,608. The target needed a 211% rise in eight months.

| Field | Value |
|---|---|
| Status | Missed |
| Person | [Arthur Hayes](https://predictionverifier.com/people/arthur-hayes/) |
| Asset | [Ethereum (ETH)](https://predictionverifier.com/assets/ethereum/) |
| Outlet | CryptoPotato |
| Said on | Aug 5, 2022 |
| Quote | “Former BitMEX CEO Arthur Hayes says he expects Ethereum to reach $5,000 by the end of Q1 2023.” |
| Price when said → target | $1,608 → $5,000 |
| Change | +211% from the price when said |
| Deadline | Mar 31, 2023 |
| Deciding close | Best close before the deadline: $1,985 (Aug 13, 2022) |
| Source | [CryptoPotato](https://cryptopotato.com/arthur-hayes-expects-5000-ethereum-by-march-2023/) |
| Archive | [Archive](https://web.archive.org/web/20260612233024/https://cryptopotato.com/arthur-hayes-expects-5000-ethereum-by-march-2023/) |
| How we check | [How we check predictions](https://predictionverifier.com/how-we-check-predictions/#touch) |
| Public ID | #ba00d |

## What was said

[Arthur Hayes](https://predictionverifier.com/people/arthur-hayes/) · Chief Investment Officer and Co-Founder, Maelstrom · 8 predictions · 2 hit · 3 missed · 3 open

CryptoPotato, Aug 5, 2022 · [Source](https://cryptopotato.com/arthur-hayes-expects-5000-ethereum-by-march-2023/) · [Archive](https://web.archive.org/web/20260612233024/https://cryptopotato.com/arthur-hayes-expects-5000-ethereum-by-march-2023/)

> Former BitMEX CEO Arthur Hayes says he expects Ethereum to reach $5,000 by the end of Q1 2023.

Hayes tied the call to two expectations: that the Federal Reserve will pivot back to money printing within a few months, and that the Ethereum Merge will succeed. He argued the Merge would cut ETH supply issuance and, combined with fee burning, push the price of Ether up. He also cited Chinese Ethereum miners planning a proof-of-work fork as a sign the Merge would happen on schedule.

## How we checked this

The prediction comes true if any daily close from Aug 5, 2022 to Mar 31, 2023, inclusive, is at or above $5,000. Prices are daily closes in UTC, not intraday highs.

- Price when said: $1,608 (Aug 4, 2022) · [price data](https://exchange.coinbase.com/trade/ETH-USD)
- Deciding close: $1,985 (Aug 13, 2022) · [price data](https://exchange.coinbase.com/trade/ETH-USD)

[How we check predictions](https://predictionverifier.com/how-we-check-predictions/)

## More from Arthur Hayes

- [Arthur Hayes: Ethereum to $5,000 by Dec 31, 2026](https://predictionverifier.com/predictions/arthur-hayes-ethereum-5k-by-2026/) · Open · $1,859 → $5,000 · Deadline Dec 31, 2026 · #7ab1d
  “Hayes also forecast that Ether (ETH) would reach $5,000 by year-end and said Maelstrom intends to build a significant position while selling out-of-the-money ETH put options.”
- [Arthur Hayes: Bitcoin at or above $500,000 on Dec 31, 2026](https://predictionverifier.com/predictions/arthur-hayes-bitcoin-500k-by-2026/) · Open · $76,349 → $500,000 · Deadline Dec 31, 2026 · #a5999
  “Adding to the bullish sentiment, BitMEX co-founder Arthur Hayes has set an end-of-year Bitcoin price target of $500,000 and a $200 target for HYPE, in an exclusive interview with Coinpedia, while reaffirming that the majority of his personal wealth remains stored in Bitcoin.”
- [Arthur Hayes: Ethereum at or above $10,000 on Dec 31, 2025](https://predictionverifier.com/predictions/arthur-hayes-ethereum-10k-by-2025/) · Missed · $3,630 → $10,000 · Deadline Dec 31, 2025 · #c6798
  “My year-end targets: Bitcoin = $250,000. Ether = $10,000.”
- [Arthur Hayes: Bitcoin to $1,000,000 by Dec 31, 2028](https://predictionverifier.com/predictions/arthur-hayes-bitcoin-1m-by-2028/) · Open · $97,058 → $1,000,000 · Deadline Dec 31, 2028 · #e662b
  “That flood of liquidity, paired with America’s inability to rein in spending, is why Hayes says Bitcoin is heading to $1 million by 2028.”
- [Arthur Hayes: Bitcoin to $250,000 by Dec 31, 2025](https://predictionverifier.com/predictions/arthur-hayes-bitcoin-250k-by-2025/) · Missed · $82,534 → $250,000 · Deadline Dec 31, 2025 · #0a962
  “I still believe Bitcoin can hit $250,000 by year-end because now that the BBC has put Powell in his place, the Fed will flood the market with dollars”

## Other Ethereum predictions

- [Geoff Kendrick: Ethereum at or above $7,500 on Dec 31, 2025](https://predictionverifier.com/predictions/geoff-kendrick-ethereum-7500-by-2025/) · Missed · $4,590 → $7,500 · Deadline Dec 31, 2025 · #ac970
  “We now see ETH at USD 7,500 by end-2025 (USD 4,000 prior) and USD 25,000 by end-2028 (USD 7,500)”
- [Geoff Kendrick: Ethereum at or above $25,000 on Dec 31, 2028](https://predictionverifier.com/predictions/geoff-kendrick-ethereum-25k-by-2028/) · Open · $4,590 → $25,000 · Deadline Dec 31, 2028 · #a449a
  “We now see ETH at USD 7,500 by end-2025 (USD 4,000 prior) and USD 25,000 by end-2028 (USD 7,500)”
- [Geoff Kendrick: Ethereum to $4,000 by Dec 31, 2025](https://predictionverifier.com/predictions/geoff-kendrick-ethereum-4k-by-2025/) · Hit · $1,472 → $4,000 · Deadline Dec 31, 2025 · #62fcd
  “In related forecasts, Kendrick downgraded Ethereum’s 2025 price target from $10,000 to $4,000 while projecting that Avalanche (AVAX) will hit $250 by 2029.”
- [Geoff Kendrick: Ethereum to $4,000 by Dec 31, 2024](https://predictionverifier.com/predictions/geoff-kendrick-ethereum-4k-by-2024/) · Hit · $1,568 → $4,000 · Deadline Dec 31, 2024 · #9d3de
  “In the shorter term, said Kendrick, the bitcoin [BTC] halving in April 2024 "should help lift all boats," and he sees ether hitting $4,000 by the end of next year.”
- [Mike Novogratz: Ethereum to $500 by Dec 31, 2017](https://predictionverifier.com/predictions/mike-novogratz-ethereum-500-by-2017/) · Hit · $368.24 → $500 · Deadline Dec 31, 2017 · #77e13
  “Speaking on Bloomberg TV, Novogratz, who has been bullish on Bitcoin throughout the year, said Bitcoin would yet hit the magic number before the new year, and also predicted $500 per coin for Ether (ETH) within the same period.”

## More on this prediction

- [Arthur Hayes' price predictions](https://predictionverifier.com/people/arthur-hayes/)
- [Ethereum price predictions](https://predictionverifier.com/assets/ethereum/)
- [2023 price predictions](https://predictionverifier.com/years/2023/)

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