A. Hayes: the cost of Ethereum will exceed 10 thousand dollars this year
The former CEO for BitMEX cryptocurrency operations, following the indicators of the current situation in the cryptocurrency market, said: the use of Ethereum in 2022 will be more frequent than transactions with bitcoin.
The creator of the platform, A. Hayes, explains: when Ethereum is transferred to the power of the Proof OF Stake consensus, the work of this cryptocurrency will be presented as a commodity bond. At the same time, the bitcoin cryptocurrency is a “classic currency”, which, in principle, “does not give any dividends.”
The founder of the platform considers the benefits of investing in Ethereum to be higher than investing in other L-1 protocols, including Bitcoin. According to Hayes, investors mostly overestimate most of these protocols. Also, the summer transfer to Proof OF Stake will change the situation and make Ethereum the sole leader in the market.
Hayes believes that cryptocurrency assets this year will be distributed as follows: Ethereum — 75 percent, bitcoin — 25 percent. The ex-director of BitMEX notes that these data come from the initial equal position of cryptocurrencies observed at the beginning of the year.
Arthur also talks about his own representation of Ethereum in the form of commodity bonds, and bitcoin as money. Hayes agrees with D. Drake, who analyzed Ethereum staking and gives similar forecasts: the interest rate for stakers for the year will be approximately from 8 to 11.5 percent.
Arthur advised the official owners of the Bitcoin cryptocurrency, for example, M. Saylor, to issue debt receipts for the purchase of Ethereum instead of creating corporate-type bonds. Hayes has an opinion that a high number of developers are aimed at Ethereum relative to other competitors, that is, Ethereum is developing much faster:
“4 thousand developers are working with Ethereum. PolkaDot has three times fewer specialists.”
Thus, Ethereum is destined to rapidly surpass other L-1 protocols, which seem to be faster and cheaper. Following these data, Hayes represents the price of this cryptocurrency in the region of 10 thousand dollars in 2022.
In 2021, the manager of the BlocktowerCapital platform, R. Rai, said that in the event of a successful restart by Ethereum of the global financial structure, the volume of the Ethereum market will be significantly larger than the volume of the Bitcoin cryptocurrency market.