Bitcoin’s Million-Dollar Future: Arthur Hayes Predicts $1M by 2028 Amid Monetary Policy Shifts

At TOKEN2049, Arthur Hayes, a prominent figure in the cryptocurrency space, made a bold prediction that Bitcoin could soar to $1 million by 2028. His forecast is rooted in expectations of expansive U.S. monetary policies, including money-printing and liquidity injections similar to past quantitative easing measures. Hayes believes these actions will weaken the U.S. dollar, prompting investors to flock to crypto assets, with Bitcoin leading the charge as the premier digital currency.

Bitcoin to $1 Million? Arthur Hayes Thinks It’s Coming by 2028

Arthur Hayes, speaking at TOKEN2049, projected Bitcoin could reach $1 million by 2028. His forecast hinges on anticipated U.S. monetary policies, including money-printing and liquidity injections akin to past quantitative easing measures.

Hayes argues these actions will erode the dollar’s strength, driving capital toward crypto assets. Bitcoin, as the flagship cryptocurrency, stands to gain disproportionately from this shift. The prediction underscores Bitcoin’s evolving role as a hedge against fiat debasement.

Market observers note such bullish calls reflect growing institutional confidence in crypto’s long-term value proposition. While speculative, Hayes’ timeline aligns with broader narratives about Bitcoin’s scarcity and hardening monetary properties.

Cboe Launches Cash-Settled Bitcoin Index Futures on CFE

Cboe Global Markets has expanded its cryptocurrency derivatives suite with the introduction of Cboe FTSE Bitcoin Index futures. The cash-settled contracts, tracking the FTSE Bitcoin Reduced Value Index (XBTF), began trading on Cboe Futures Exchange (CFE).

The new product complements Cboe’s existing bitcoin offerings, including spot bitcoin ETFs and ETF options. Cash settlement eliminates operational hurdles associated with physical bitcoin delivery at expiration, potentially attracting institutional participants.

As the first exchange to list Bitcoin futures in 2017, Cboe continues positioning itself at the forefront of regulated crypto derivatives. The launch follows growing institutional demand for bitcoin exposure through traditional financial instruments.

Arthur Hayes Forecasts Bitcoin Rally to $1 Million by 2028

Arthur Hayes, Chief Investment Officer of Maelstrom and a prominent voice in cryptocurrency circles, doubled down on his bullish stance during a keynote at Token2049 in Dubai. His prediction of Bitcoin reaching $1 million by 2028—a NEAR 10x leap from current levels—was framed as a call to action: "Take long positions in everything."

The forecast hinges on anticipated monetary expansion. Hayes pointed to the U.S. government’s $2.5 trillion liquidity injection via repo programs during past rate hikes as precedent. "When the printing presses restart," he argued, "crypto will lead the charge." The Q3 2022 market panic was cited as proof of crypto’s resilience amid macroeconomic turbulence.

Arthur Hayes Predicts Bitcoin Price Will Hit $1M by 2028

Bitcoin surged past $95,460, marking a two-month high as its market capitalization reached $1.88 trillion. Daily trading volume climbed 13% to $28 billion, with the cryptocurrency holding above the critical $90K–$92K support range.

At the Token2049 conference in Dubai, Arthur Hayes, CIO of Maelstrom, reiterated his bold prediction that Bitcoin could hit $1 million by 2028. He attributed the potential rally to increasing dollar liquidity and urged investors to adopt a bullish stance on both crypto and traditional equities.

"Get ready for the biggest wealth transfer in history," Hayes declared, framing the moment as a pivotal opportunity for market participants.

Bitcoin May Evolve Into Low-Beta Equity Play, BlackRock’s Mitchnik Says

Bitcoin (BTC) demonstrated resilience amid geopolitical turbulence, holding steady as former President Donald Trump’s trade war triggered a flight from U.S. assets. This decoupling phenomenon has bolstered the cryptocurrency’s narrative as both a SAFE haven and a low-beta alternative to traditional equities.

Robert Mitchnik, BlackRock’s Head of Digital Assets, posits that Bitcoin could institutionalize its low-beta characteristics through reflexive market behavior. "When repeated enough, even unfounded assertions can become self-fulfilling prophecies," Mitchnik observed during a Token2049 panel in Dubai. The convergence of analyst consensus and media reinforcement may cement BTC’s position as a volatility dampener in portfolios.

Bitcoin Developers Clash Over Proposal to Relax On-Chain Data Limits

Bitcoin’s developer community is embroiled in another heated debate, this time over a proposal to remove long-standing constraints on data storage within transactions. The controversy echoes last year’s divisive Ordinals discourse, highlighting persistent tensions around the blockchain’s CORE functionality.

At issue is the OP_RETURN feature’s 80-byte limit—a spam-prevention measure instituted to preserve Bitcoin’s financial utility. Developer Peter Todd’s proposal argues the restriction has become obsolete as users increasingly bypass it through Taproot transactions. Supporters claim the artificial cap no longer serves its original purpose while stifling potential use cases.

The debate reflects Bitcoin’s ongoing identity crisis—whether to prioritize being a lean monetary network or embrace broader data functionality. Technical arguments about blockchain bloat and network efficiency mask deeper philosophical rifts about Bitcoin’s evolutionary path.