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Arthur Hayes: Could France’s Debt Crisis Push ETH Toward $10K?
Arthur Hayes argues that France’s worsening debt situation could put pressure on French GSIB banks and potentially force changes in their participation in US repo markets.
His thesis is that this could increase pressure on the Federal Reserve to expand its balance sheet, creating more liquidity that may ultimately benefit risk assets like Ethereum.
Hayes believes this liquidity scenario could help push $ETH toward the $10,000 level this year.
It’s a bold prediction, but the bigger question is whether global liquidity becomes the next major catalyst for Ethereum.
What’s your ETH target?
#Ethereum #ETH