#ETH Arthur Hayes predicts Ethereum will reach US$20,000, while stating that 50 ETH could make someone a millionaire in the next US election.

He predicts the majority of L1 will collapse, calling high FDV chains like Monad a candidate for "crash 99%", while only Ethereum & Solana will survive as long-term winners.

Hayes states institutions will build on Ethereum and its L2, using it as the core settlement layer that drives the next monumental price cycle.

ETH

3,115.42

-0.06%