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BitMEX co-founder Arthur Hayes reaffirmed a $10,000 ETH target for end-2026 in an essay posted on his official site on the 2nd (local time), and said the digital-asset strategy at his family office Maelstrom is unchanged, with a structural Bitcoin long staying the portfolio core. The thesis runs through the dollar funding channel: stress in French financial markets and Japanese repatriation of overseas assets would, in his view, force wider US dollar liquidity provision, which historically lifts BTC and high-beta ETH ahead of most other risk assets. This is a discretionary macro call rather than a confirmed catalyst, so the read hinges on French sovereign spreads, JGB yields and USD/JPY, plus any actual expansion in Fed or Treasury liquidity operations; absent that, ETH stays a leveraged bet on liquidity that has not yet arrived.
As a Research signal, watch whether it changes price action, volatility, or flows around ETH, BTC, JPY=X.
Original Source: 블록미디어
This page is market information analysis, not investment advice.
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