Arthur Hayes Says Ether Has Best Short-Term Risk-Reward Even as Bitcoin Targets $1 Million by 2030

Forecast Trend Report by Period

BitMEX co-founder Arthur Hayes said Ethereum offers the best short-term risk-reward, even as he maintained his forecast that Bitcoin will reach $1 million by 2030.

Hayes said on the Trade Secrets podcast, as cited by Cointelegraph on September 2, that Bitcoin likely found a bottom around $58,000 and should continue to rise.

Still, he said Ethereum looks more attractive for new money at current levels. In the near term, Ether could climb three to fivefold, giving it the most favorable risk-reward profile, he added.

Hayes also reiterated his long-term view that Bitcoin will reach $1 million by 2030.