亚瑟·海斯（Arthur Hayes）预测，ETH可以飙升至10,000美元或15,000美元

Bitmex前首席执行官和Maelstrom的现任CIO的最近一次无岸播客的采访中，分享了一个大胆的

Arthur Hayes, the former CEO of BitMEX and current CIO of Maelstrom, predicts that Ethereum (ETH) could reach $10,000 or even $15,000 as global liquidity regimes shift. In an interview on the Bankless podcast, Hayes shared his insights into the cryptocurrency market.

Bitmex和Maelstrom当前CIO的前首席执行官Arthur Hayes预测，随着全球流动性制度的变化，以太坊（ETH）可以达到10,000美元甚至15,000美元。海斯在无岸播客的采访中分享了他对加密货币市场的见解。

While many analysts focus on technical factors, Hayes believes that Ethereum's recent rally, which saw ETH surge over 50% in a week, is driven by sentiment and market psychology. According to Hayes, the most hated asset goes up the fastest in the next cycle. He claims that Ethereum had been 'kind of dead' and that Solana had been a better token to own over the last year.

尽管许多分析师专注于技术因素，但海斯认为，以太坊最近的集会在一周内激增了50％以上，这是由情感和市场心理学驱动的。根据海斯的说法，最讨厌的资产在下一个周期中最快上升。他声称以太坊已经“有点死”，而索拉纳在去年拥有更好的代币。

With the ETH/BTC ratio falling and sentiment towards Ethereum depressed, Hayes feels that a comeback was due. He also noted that capital is pivoting out of U.S. Treasuries, which could create a new era of liquidity in neutral, digital assets.

随着ETH/BTC的比率下降和对以太坊沮丧的情绪，海耶斯觉得卷土重来。他还指出，资本正在美国国库中枢纽，这可能会在中立的数字资产中创造一个新的流动性时代。

In this scenario, Bitcoin and gold would be the primary reserve assets, with Ethereum serving as a high-beta beneficiary. According to Hayes, we could be talking about Ethereum at $10,000 or $15,000.

在这种情况下，比特币和黄金将是主要的储备资产，以太坊是高β受益人。根据海斯的说法，我们可能以10,000美元或15,000美元的价格谈论以太坊。

Despite not personally adding to his ETH holdings recently, Hayes remains long on Ethereum, highlighting the network's emerging fundamentals and growing real-world utility. He mentioned projects like EtherFi and Pendle, which are building interesting and sustainable ecosystems on Ethereum.

尽管没有亲自增加他的ETH持有量，但海耶斯仍然对以太坊持久远，突出了该网络的新兴基本面和不断增长的现实世界实用程序。他提到了Etherfi和Pendle等项目，这些项目正在以太坊建立有趣且可持续的生态系统。

In his own portfolio, Ethereum makes up around 20%, positioned as the asymmetric upside play in what Hayes sees as a rapidly evolving financial paradigm.

以太坊在自己的投资组合中占20％左右，位于海耶斯认为迅速发展的金融范式中的不对称上行作用。

Although the path of least resistance for Ethereum might be up, Hayes acknowledges that the market could still create a rapid downside move. Ultimately, Hayes believes that Ethereum's long-term upside is not yet priced in by the market.

尽管对以太坊的抵抗力最小的道路可能会出现，但海耶斯承认市场仍然可以创造迅速的下行行动。最终，海耶斯认为，以太坊的长期上行空间尚未被市场定价。