Arthur Hayes Forecasts Crypto Bull Run Until 2028: US Stablecoins Hold the Key

Strap in—the bull market's got legs. Arthur Hayes just declared this crypto cycle runs through 2028, and it all hinges on US stablecoins.

The Signal in the Noise

Forget Fed whispers and macro trends. Hayes spots the real momentum in stablecoin flows. When those digital dollars pump, so does everything else.

Timing the Peaks

Mark 2028 on your calendar—that's the projected peak. Not exactly a slow burn, but hey, since when did crypto move at traditional finance speed? They’re still debating rate cuts while we’re booking gains.

Stablecoins: The Market’s Pulse

Watch Tether and USDC. Their growth doesn’t just support prices—it drives the entire ecosystem. More minting, more liquidity, higher highs.

Why This Cycle’s Different

Institutional adoption meets real-world use cases. This isn’t 2017’s wild speculation or 2021’s meme hype. It’s deeper, and Hayes says stablecoins are the proof.

The Bottom Line

Ignore the stablecoin metrics at your own peril. They’re not just a trading pair—they’re the fuel. And if Hayes is right, we’ve got three more years of runway. Just enough time for Wall Street to finally understand what a blockchain is.

US Government Targets Eurodollar Market Control

Hayes explained how America’s massive fiscal deficit drives its stablecoin policy ambitions at Tokyo’s WebX conference on August 25, addressing the opening session.

Hayes predicted that the US aims to channel the $10-13 trillion Eurodollar market into government-controlled stablecoin ecosystems. Treasury Secretary Scott Bessent will pressure countries globally to adopt US stablecoins. This diplomatic approach resembles historical currency expansion tactics.

Stablecoins offer Washington unprecedented control over offshore dollar deposits previously beyond US oversight. Stablecoin issuers must hold reserves in American banks and purchase Treasury bonds with the funds received. This mechanism provides the government with guaranteed debt buyers while enabling monetary policy control.

Hayes explained that through this system, Bessent can bypass the Federal Reserve to influence short-term interest rates. The analyst expects stablecoin supply to reach $10 trillion as Fed funds rates drop to 2%. These conditions should sustain the bull cycle through 2028.

DeFi Platforms Positioned for Massive Inflows

Hayes highlighted four promising DeFi projects:. These platforms will provide yield opportunities unavailable in traditional banking systems. Massive stablecoin liquidity will create new investment possibilities across decentralized finance.

Social media platforms like Facebook and X will offer dollar accounts to Global South countries. This development could generate $4 trillion in additional Treasury demand while weakening national currency controls. Hayes described this transformation as a “once-in-a-century market opportunity” comparable to John Rockefeller’s era.

Hayes advised that investors monitor capital flows from centralized exchanges to decentralized platforms. The expanding stablecoin ecosystem will enable innovative financial services that were previously impossible under traditional banking structures.