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

Updated

What was said

Photo of Arthur Hayes
Arthur Hayes

Chief Investment Officer and Co-Founder, Maelstrom

CryptoPotato, Aug 5, 2022SourceArchive

8 predictions · 2 hit · 3 missed · 3 open

Photo: When Shift Happens, CC BY 3.0

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

MissedDeadline

Price when said
$1,608 closeprice data
Target
$5,000+211%
Best close
$1,985price data

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.

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