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Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
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Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For $10,000, Here’s Why

Scott Matherson
Scott Matherson
Last Updated: October 16, 2025 7:00 pm
3 mins read
Ethereum

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In a recent discussion on the Bankless YouTube podcast hosted by David Hoffman, two of the crypto industry’s most respected figures—Tom Lee, the Chairman of BitMine, and Arthur Hayes, founder and former CEO of BitMEX—shared remarkably bullish outlooks for the Ethereum price. Both executives forecasted that Ethereum could soar to $10,000 or higher by year’s end, driven by fundamental growth and shifting market dynamics. Their comments, made after BTC reached new all-time highs above $126,000, have added fresh momentum and optimism that the upcoming Q4 bull rally could center on ETGH. 

Ethereum Price Breakout And Roadmap To $10,000

During the Bankless podcast, Hayes was the first to respond when asked for his End of the Year (EOY) price expectations for both Ethereum and Bitcoin. Without hesitation, the BitMEX founder projected that ETH could climb to $10,000 and BTC to $250,000 before the year closes. When pressed on whether Ethereum could realistically more than double in just over two months, Hayes answered confidently that it could, emphasizing the strength of the current market momentum.

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Ethereum

Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For $10,000, Here’s Why

1 month ago

Lee’s response to the same question was even more optimistic. Despite the recent crypto market flash crash, the BitMine Chairman placed his Ethereum target between $10,000 and $12,000 and shared a similarly bullish view for Bitcoin, predicting a range between $200,000 and $250,000. When asked why he believes Ethereum could reach such a high valuation in the short term and if such rapid price appreciation might be unsustainable, Lee dismissed concerns, noting that ETH has been consolidating since its 2021 peak. 

He argued that the market would not become overheated once it reaches $10,000, but rather could enter a new phase of price discovery, underpinned by strong fundamentals and innovative developments within the ecosystem. He also stated $10,000 is not the cycle top for Ethereum, and forthcoming developments in 2026 could create room for further price growth. 

Ethereum’s Growing Role Beyond Bitcoin’s Shadow

As the interview progressed, the discussion turned toward the evolving dynamics between Bitcoin, Ethereum, and the broader crypto market. Turning his attention to Hayes, Hoffman asked whether Ethereum should be compared to Bitcoin or other smart contracts within the Decentralized Finance (DeFi) space. The BitMEX founder replied that he sees Bitcoin as money and Ethereum as “compute.” He described ETH as the “computing reference asset” of the crypto space, noting that the altcoin is positioned above the rest of the crypto landscape in terms of technology.  

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Lee agreed, but added that he views Ethereum as both money and a computing asset. He defined Bitcoin as digital gold and ETH as an architectural foundation for innovation, particularly in areas such as Wall Street and Artificial Intelligence (AI). The BitMine Chairman underscored that Ethereum’s growth trajectory is not dependent on competing with Bitcoin but rather on expanding its own utility and adoption.

Ethereum
ETH trading at $4,051 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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