Jakarta, Pintu News – Arthur Hayes, the former CEO of BitMEX, has once again taken the crypto community by storm with his latest bold prediction.
In his latest blog post titled Buffalo Bill, Hayes predicts big gains for three new up-and-coming tokens: Ethena (ENA), Ether.fi (ETHFI), and Hyperliquid (HYPE) in the next three years.
According to Hayes, the value of ENA has the potential to increase up to 51 times, ETHFI could increase 34 times, and HYPE is even predicted to soar up to 126 times by 2028.
Hayes bases his projections on the global liquidity cycle, believing that the crypto market will thrive when dollar liquidity is abundant. As has been the case in previous bullish trends, he expects new projects to deliver exceptional returns.
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ENA and ETHFI are in the infrastructure sector and liquid stakes, which Hayes believes have the potential for new capital flows.
Meanwhile, HYPE represents the speculative and culture-based side of the crypto world, which Hayes says is often capable of producing price spikes that are much larger than their fundamental value.
Hayes also admits that his prediction track record is not always spot-on-on-only about 25% of his forecasts prove to be accurate-but his bold views still have a huge influence on investor sentiment.

Here is a brief outlook for ENA, ETHFI and HYPE, based on the Coinpedia page (28/8/25)
Currently, HYPE is the center of attention, while ENA and ETHFI are still in a wait-and-see phase.
In addition to token price predictions, Hayes also highlighted Codex, which he called the first real crypto bank. Unlike typical stablecoin issuers, Codex promises reserve transparency and aims to offer traditional banking-style services to crypto users.
Hayes believes that stablecoins will play a key role in the next growth cycle, and Codex could be the bridge between traditional finance and blockchain technology.
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Hayes’ latest blog isn’t just about the numbers, but also the market conditions that he thinks can fuel big growth.
For Hayes, the two main factors that will fuel the next bull market are:
While many have criticized and suggested that Hayes’ predictions be considered more of a thought experiment than a guarantee, whether proven right or wrong, Hayes’ bold views have nonetheless sparked widespread debate in the crypto world.
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