Arthur Hayes: Robinhood picked Ethereum as security layer, ETH target $5,000
- —Hayes: Robinhood chose Ethereum as its security layer for tokenization, ETH target $5,000 within a year
- —ETH trades near $2,650, implying a nearly twofold move to the target
- —Hayes: ENA could rise from $0.27 to $1 if BTC basis yields recover and USDe supply grows
- —Hayes likened Uniswap's fee-funded token buyback to corporate share repurchases
Why it matters: Hayes' remarks reinforce the institutional adoption narrative for Ethereum and could support demand for ETH, ENA and UNI.
Source: Bloomingbit