The co-founder of the BitMex crypto exchange and CIO of the Maelstrom family office, , has told the community about his recent trip to Rapa Nui (better known as Easter Island).
“Bitcoin to $1 million, Ethereum – to $100,000.”
This seems to be a partially joking X post, as Hayes said that “the ancestors in Rapa Nui” tipped him off about when the bull market would finally arrive. Hayes is not known to have roots there.
The time is now, they supposedly told him, when the bull market started. Who knows if Hayes (former CEO of BitMex) really believes that bitcoin and ethereum can reach these price levels or if he was just trolling his followers, but he did write that bitcoin will reach $1 million and ethereum will soar to $100,000.
Hayes often shares his expectations for the future.
Earlier today, Hayes shared an ETH/USD chart from BitMex as the second largest cryptocurrency Ethereum briefly surpassed the 2,100 level, drawing attention to ETH’s rise.
Bitcoin Briefly Exceeds $37,000, Nearly Reaches $38,000
On Thursday, Nov. 9, the world’s leading digital currency, bitcoin, briefly surpassed the $37,000 level, almost reaching $38,000. This was the first time in the past 18 months that bitcoin has surged.
The staggering 5.69% gain in less than a day (and the $2,000 increase in price) was attributed to Bloomberg analysts’ expectation that the U.S. regulator, the SEC, will have a “short window” to give the green light to 12 spot bitcoin ETFs, including those from BlackRock (NYSE:BLK) and Grayscale, for 12 days starting Thursday.
Another Bloomberg analyst, James Seyffart, shared that he expects the regulator to approve the first BTC ETF by early January, saying there is a 90% chance of that happening.
Ethereum followed bitcoin’s growth and surged to the $2,133 level. Meanwhile, both leading cryptos have lost momentum. Bitcoin is trading at $36,943 and Ethereum is trading at $2,071.
