Arthur Hayes Reiterates $1 Million Bitcoin Prediction

The leading cryptocurrency could soar to $1 million by 2028, according to former BitMEX CEO Arthur Hayes, who once again stated this at the Token2049 conference in Dubai, reports The Block.

In his view, the decisive factor will be the expansion of dollar liquidity, which the US will inevitably resort to in order to stabilize the economy.

“It’s time to go long on all assets,” said Hayes, referring to digital currencies and stocks.

He drew a parallel with 2022, when markets were in turmoil due to tightening monetary policy and the collapse of the FTX exchange. However, the US regulator increased the money supply, which helped the sector recover.

Currently, according to Hayes, the main threat comes from tariffs imposed by Trump on US trading partners, which triggered the fall of stock indices.

Nevertheless, the expert is confident: even if the Federal Reserve, led by Jerome Powell, does not intervene directly, hedge funds will take matters into their own hands by starting to buy government bonds. This will lead to an increase in the money supply and, consequently, boost cryptocurrency prices.

In April, Hayes hinted that he expects bitcoin prices to exceed $100,000. He cited the US Treasury’s buyback of treasury bonds as the main driver.