Arthur Hayes Maintains Bitcoin Long Position, Sets $10,000 Target for Ether by 2026

Arthur Hayes, the co-founder of BitMEX and chief investment officer of his family office Maelstrom, has reiterated his long-term bullish stance on Bitcoin (BTC) while setting an ambitious price target of $10,000 for Ether (ETH) by the end of 2026. In a newsletter published on September 3, Hayes discussed macroeconomic factors influencing his outlook, particularly the dynamics between the euro and yen.

Hayes indicated that Maelstrom's crypto positioning remains unchanged, with a structural long on Bitcoin. He also set price targets for other altcoins, including $0.50 for Ethena (ENA) and $2 for Ether.fi (ETHFI). While his Bitcoin position does not have a specific price target, the targets for ETH, ENA, and ETHFI are considered more speculative.

At the time of publication, ETH was trading around $2,379, which is approximately 320% below Hayes' target. He noted that the newsletter's main argument centered on the weakening euro against the yen, linking it to broader economic trends such as French bank stress and Bank of Japan policies.

Additionally, Hayes has been actively purchasing ETHFI this year, having re-entered the position in August after previously exiting earlier in 2026. His insights and price targets are closely monitored within the crypto trading community, often influencing market discussions.