Former BitMEX CEO Arthur Hayes has revealed his new Bitcoin (BTC) and Ethereum (ETH) predictions!

Arthur Hayes, the former BitMEX CEO known for his bold predictions on Bitcoin and the cryptocurrency market, has announced his new predictions for Bitcoin (BTC) and Ethereum (ETH).

Speaking on the Bankless YouTube channel recently, Arthur Hayes detailed the strategy of his company, Maelstrom Fund, and although he expects a strong rise in Bitcoin, he warned of a sharp correction before the 2025 peak and explained his Ethereum price prediction.

Hayes first stated that the Maelstrom Fund is largely supported by two major cryptocurrencies.

Hayes stated that these are Bitcoin and Ethereum, and that they consist of 60% BTC and 20% ETH.

"Maelstrom is made up of about 60% Bitcoin and 20% Ethereum. And then there are a bunch of other shitcoins. Non-crypto assets include physical gold, gold mining shares, and treasury bills."

Beware of a Hard Correction in Bitcoin!

Arthur Hayes has once again stated that he is bullish on Bitcoin. At this point, the famous name expects BTC to rise to $150,000-$200,000 by the summer of 2025 and to rise to $250,000 by the end of 2025.

However, Hayes warned of a major correction. At this point, Hayes stated that he expects a sharp correction before Bitcoin rises to $250,000 by the end of 2025.

"From now on, Bitcoin will experience a rally towards $150,000 to $200,000 by the summer.

But then we're going to have a bad, hard correction, and then I think we're going to reach $250,000 in Bitcoin by the end of the year."

What is the Expectation for Ethereum?

Hayes, who expects a significant rise in Bitcoin, stated that Ethereum is facing a more challenging path.

Hayes stated that the critical level for ETH is 5 thousand dollars, and that it needs to surpass 5,000 dollars by the end of the year.

According to Hayes, surpassing 5,000 dollars by the end of the year will be an important milestone and could rekindle the excitement that could push ETH to 10,000 dollars or even 20,000 dollars at the peak of the cycle.

“If Ethereum can reach $5,000 by the end of the year, it will likely ignite the bull. This level will excite investors and enable ETH to experience a major rally.

And eventually ETH could reach $10,000 or even $20,000.

But I think it's a tough road for ETH from the current levels to $5,000."