- Arthur Hayes is convinced the price of Bitcoin will exceed $1 million in a few years.
- The BitMEX co-founder advocates investing in the top coin now.
Arthur Hayes, popular crypto analyst and Maelstrom’s CIO, has made a bold prediction regarding Bitcoin’s (BTC) price trajectory. He forecasts that the flagship cryptocurrency could surge to $1 million by 2028.
Forces to Drive the $1M BTC Prediction
Hayes shared the bold BTC prediction during the recent Token2049 conference, held in Dubai. The CIO sees increasing dollar liquidity as the leading force igniting a major crypto rally. According to Hayes, the US economy is likely heading for another round of money printing. Therefore, he encouraged investors to take a bullish stance on crypto and traditional stocks.
Arthur Hayes compared the current market landscape to the third quarter of 2022. At the time, the market faced fears around rising interest rates and rising tensions after the collapse of FTX.
To help markets recover, the U.S. stepped in with $2.5 trillion through a funding program. Hayes claims a similar wave of liquidity is coming, which will benefit Bitcoin. When liquidity in the financial system rises, capital often flows into risk assets like Bitcoin.
Meanwhile, recent US government tariff announcements fueled investor uncertainty, leading to a sharp sell-off in Bitcoin and other cryptocurrencies. However, Trump announced a 90-day pause on the tariffs, which fueled market optimism, pushing Bitcoin’s price above $94,000.
While investors remain cautious, Hayes downplayed the long-term impact of tariffs on Bitcoin’s price, stating that their effects are temporary.
He further acknowledged that Federal Reserve Chairman Jerome Powell may likely not step in and ease market stress under Trump’s leadership. However, he believes hedge funds will intervene by buying US debt, which could gradually increase market liquidity.
Arthur Hayes believes that combining these events will create a strong environment for Bitcoin growth. Indeed, investors will likely turn to assets like Bitcoin as more money flows into the system. According to Hayes, this strong investor interest will push Bitcoin’s price to $1 million by 2028.
Bitcoin Riding the Bullish Wave
The Hayes’ $1 million prediction marks a major revision from his earlier BTC projection. As indicated in our earlier discussion, Hayes forecasted a potential surge to $250,000 by the end of 2025.
As of this report, BTC briefly crossed the $95,000 mark. The price of the leading coin moved as high as $95,460 earlier today, before dropping to the current $94,619, down 0.35% in 24 hours. In the last 30 days, the cost of Bitcoin has rallied by 16.05%, reaching a two-month high. Its market cap hit $1.88 trillion. However, the daily trading volume dropped 13% to $24 billion.
BlackRock’s CEO, Larry Fink, is another industry leader optimistic about Bitcoin’s future price movement. In a recent study we reported on, Fink explained that Bitcoin’s recent price drop presents a “rare buying opportunity for investors.”
