Ethereum News Today: Arthur Hayes Targets $250K Bitcoin, $10K Ethereum by 2025 Amid Structural Capital Shifts

Arthur Hayes, co-founder of BitMEX, has reiterated his bullish outlook for Bitcoin and Ethereum, forecasting Bitcoin to reach $250,000 and Ethereum $10,000 by the end of 2025. These projections, outlined in a recent blog post, reflect a compound annual growth rate of over 111% for Bitcoin and 179% for Ethereum from their current levels [1]. Hayes attributes the anticipated rally to structural shifts in global capital flows, including a "credit-heavy economic strategy" under a hypothetical Trump administration, which he compares to wartime mobilization models prioritizing industrial output in sectors like rare earths and defense manufacturing [2]. This framework, he argues, would create favorable conditions for risk assets such as cryptocurrencies.

Central to his analysis is the interplay between stablecoins and government borrowing. Hayes highlights how stablecoin issuers are increasingly channeling user deposits into U.S. Treasury bills, effectively funding federal deficits while recycling capital into credit creation. This dynamic, dubbed a "credit waltz," suggests a symbiotic relationship between crypto and traditional finance, where expanding credit fuels demand for digital assets [3]. He also speculates that regulatory reforms under a Trump administration—such as allowing 401(k) investments in crypto or exempting digital assets from capital gains taxes—could catalyze institutional adoption [4].

While Hayes’ long-term targets remain ambitious, technical analysts caution that both assets face near-term challenges. Bitcoin, currently trading near $118,200, has seen a decline in 24-hour trading volume despite an 8.7% weekly gain, signaling weaker momentum. James Check of Glassnode notes that the lack of volume growth raises doubts about the likelihood of a $200,000 milestone in 2025 [5]. Key resistance levels at $130,000, $140,000, and $150,000 must be cleared to validate the bullish case. Meanwhile, Ethereum has shown stronger relative performance, trading at $3,688 after a 1.2% 24-hour rise. On-chain metrics, including a 475% surge in network fees and rising daily active addresses, indicate growing utility [7]. Analysts highlight a bullish Cup & Handle pattern and a rising channel on Ethereum’s chart, with Fibonacci projections pointing to potential targets of $5,790, $8,513, and $13,000 over a multi-year horizon [7]. However, short-term volatility persists, particularly as ETH approaches $4,100, a level that could trigger corrective movements before resuming an uptrend [8].

Hayes’ revised Ethereum target of $10,000, initially stated in July 2025, reflects renewed institutional interest in the asset, including a notable 52% price surge over 30 days and increased ETF inflows [9]. Despite skepticism from some market participants, his rationale hinges on the broader trend of capital reallocation into crypto, driven by macroeconomic tailwinds and policy shifts.

The market’s reaction to these projections underscores a growing debate between fundamental and technical analyses. While Hayes’ vision of a credit-fueled economy aligns with long-term bullish narratives, immediate price action reveals a fragmented landscape. Investors are advised to monitor structural developments—such as stablecoin growth and regulatory clarity—and near-term technical levels to assess the viability of Hayes’ targets [10].

Sources:

[1] [Cryptonews](https://cryptonews.com/news/crypto-billionaire-arthur-hayes-predicts-bitcoin-to-hit-250000-eth-to-10k-by-end-of-2025-bull-market-starting/)

[2] [AInvest](https://www.ainvest.com/news/ethereum-news-today-arthur-hayes-revises-ethereum-target-10k-year-52-price-surge-institutional-adoption-etf-inflows-2507/)

[3] [Coinfomania](https://coinfomania.com/arthur-hayes-bitcoin-prediction/)

[4] [The Currency Analytics](https://thecurrencyanalytics.com/bitcoin/arthur-hayes-predicts-250k-bitcoin-and-10k-ethereum-by-2025-amid-favorable-u-s-crypto-policies-186835)

[5] [TradersUnion](https://tradersunion.com/news/cryptocurrency-news/show/378601-crypto-liquidations-top/)

[7] [AInvest](https://www.ainvest.com/news/ethereum-news-today-bitmex-hayes-projects-250k-bitcoin-10k-ethereum-2025-fiat-liquidity-surge-2507/)

[8] [The Currency Analytics](https://www.cryptotimes.io/2025/07/23/arthur-hayes-sets-bitcoin-price-target-to-250000-ethereum-to-10000/)

[9] [XT.com](https://www.xt.com/en/blog/community-news/2025-07-23T11:07:42.000Z)

[10] [Coindoo](https://coindoo.com/arthur-hayes-sees-ethereum-leading-next-crypto-supercycle/)