Former BitMEX CEO Arthur Hayes has released a new set of market forecasts, calling for a strong rally across several crypto assets by the end of 2026 alongside a notable currency-market prediction.

Hayes co-founded BitMEX, once one of the largest crypto derivatives exchanges, and has since become a closely followed macro commentator in the crypto industry, frequently publishing essays linking monetary policy, fiat currency dynamics, and digital asset prices.

Crypto Price Targets for 2026

Hayes expects Ether (ETH) to reach $10,000 by the end of 2026, reflecting his long-term bullish outlook on the Ethereum ecosystem. He also projected Ethena (ENA) to trade at $0.50 and Ether.fi (ETHFI) to reach $2 by year-end 2026.

Ethena and Ether.fi are projects built around the Ethereum ecosystem: Ethena issues a synthetic dollar-backed token, while Ether.fi offers liquid staking services for ETH. Their inclusion signals Hayes's focus on Ethereum-adjacent infrastructure alongside the core asset itself.

The forecasts arrive as investors continue to watch macroeconomic conditions and institutional adoption for signals of the next phase of the crypto market cycle. Ether, in particular, has drawn institutional attention following the approval of spot ETH exchange-traded funds in the United States in 2024.

Macro Outlook Includes Weaker Yen

Beyond cryptocurrencies, Hayes shared a view on the foreign exchange market. He predicts the EUR/JPY exchange rate will decline to 140 or lower by mid-2027, signaling his expectation of significant changes in global monetary conditions and currency markets in the years ahead.

A materially weaker euro against the yen would mark a significant reversal for a pair that has traded well above that level in recent years, making the target a notably contrarian macro call. Currency moves of this kind often reflect shifting interest-rate differentials between the euro area and Japan, a dynamic Hayes has referenced in past macro commentary.

Hayes did not provide detailed reasoning alongside the forecast, but the outlook reflects a broader macro perspective that extends beyond digital assets. He has previously argued that yen-related currency dynamics and Japanese monetary policy have ripple effects across global liquidity, including into crypto markets.

NOW: Arthur Hayes predicts EURJPY will crash to 140 or below by mid-2027, while setting year-end 2026 price targets of $10K for Ether, $0.50 for Ethena, and $2 for Ether(.)fi. pic.twitter.com/zBuNc22fbQ — Cointelegraph (@Cointelegraph) September 3, 2026 (x.com)

Markets Watch Whether Predictions Materialize

The latest Arthur Hayes crypto predictions present an optimistic outlook for Ethereum and selected crypto projects while highlighting expectations for major moves in currency markets. As with any market forecast, these targets represent an opinion rather than a certainty, and investors will continue monitoring macroeconomic developments, monetary policy, and crypto market trends to assess whether the projections begin to unfold in the coming months.