Arthur Hayes Reaffirms Bitcoin Long, Sets $10,000 Ether Target for 2026

Arthur Hayes, co‑founder of BitMEX and chief investment officer of his family office Maelstrom, confirmed that the office’s crypto positioning remains unchanged. The core of the portfolio is a structural long position in Bitcoin (BTC) with no specific price target.

Ether price target for 2026

Hayes set a speculative price target of $10,000 for Ether (ETH) by the end of 2026. At the time of the newsletter, ETH was trading around $2,379, implying a potential increase of roughly 320% to reach the target.

Other altcoin calls

In the same newsletter, Hayes provided speculative targets for two additional tokens:

• Ethena (ENA) – $0.50 (trading at $0.159)
• Ether.fi (ETHFI) – $2.00 (trading at $0.562)

Macro backdrop

The newsletter’s macro analysis linked a weakening euro against the yen to broader monetary dynamics, including French bank stress, Bank of Japan policy, and accelerated Federal Reserve money printing. Hayes suggested that these factors could enhance dollar liquidity.

Trading activity

Hayes noted personal activity in ETHFI, having repurchased the token in August after an earlier exit in 2026.