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Zenger
Zenger
Bibhu Pattnaik

BitMEX Co-Founder Arthur Hayes Predicts Ethereum Could Surge 1,556% To $31,063

Arthur Hayes Bitmex Ethereum
In this photo illustration a Ethereum logo seen displayed on a smartphone. According to Hayes, tokens issued by the AI DAOs will trade on decentralized exchanges (DEXs) primarily built on top of Ethereum. PHOTO BY MAREUSZ SLODKOWSKI/GETTY IMAGES  

Arthur Hayes, co-founder and former CEO of crypto derivatives trading platform BitMEX, is forecasting a massive rally for Ethereum (CRYPTO: ETH), asserting that it could run up 1,556% from its current price of $1,875 and hit $31,063. 

In a blog post on Thursday, Hayes wrote that the price of Ethereum stands to benefit immensely from artificial intelligence (AI) technology. 

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