New Massive Forecast For Ethereum Is Out

The crypto market is struggling to recover these days following the latest crypto crash. At the moment of writing this article, the most important coins are trading in the red.

Check out the latest Ethereum (ETH) forecast below.

It’s been just revealed that the former BitMEX CEO Arthur Hayes is reasserting his call for a parabolic price rally for Ethereum (ETH) near the end of this year.

In a recent blog post, he explaiend the fact that he is sticking to his prediction that Ethereum will trade at $10,000 by the end of the year even if he’s slightly less confident about when ETH will hit his target.

It’s also important to note the fact that his thesis leans on his prediction that the Federal Reserve will ultimately renege on its agenda of trying to curb inflation through the tightening of central bank liquidity.

As the online publication the Daily Hodl notes, according to Hayes, baby boomers, the largest voting block in the US, will become increasingly discontent with the Fed’s monetary policy leading up to the midterm elections in November of this year.

He said that political pressure from the baby boomers could force the Fed to shift its stance and trigger another bull run in risk-on assets like cryptos.

“The baby boomers are the largest and wealthiest generation, as well as the most important voting block. They own a large percentage of global financial assets and are now embarking on retirement, which means subsisting on a fixed income.”

He also said the following:

“Poorly-performing financial assets and rising fuel and food inflation are the two worst things a financial asset-heavy retiree can experience. The boomers will rage against the machine and set us free from the cage of tight central bank liquidity.”

Stay tuned for more news and also make sure to keep your eyes on the market.